SOLUTION: Susan is planning on investing her $1,600 bonus, putting some in an account earning 6% and the rest in an account earning 8%. How much should she put in each to have a total of $10
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Question 169295This question is from textbook
: Susan is planning on investing her $1,600 bonus, putting some in an account earning 6% and the rest in an account earning 8%. How much should she put in each to have a total of $104 interest? This question is from textbook
You can put this solution on YOUR website! The amount of money invested at each rate added together will equal the interest earned. call x the amount invested at 6% and 1600-x the amount invested at 8%
:
.06(x)+.08(1600-x)=104
:
.06x+128-.08x=104
:
.02x=24
: invested at 6% invested at 8%
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