SOLUTION: A financial planner has a client with $15,000 to invest. If he invests $10,000 in a certificate of deposit paying 11% annual simple interest, at what rate does the remainder of th
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Question 263856: A financial planner has a client with $15,000 to invest. If he invests $10,000 in a certificate of deposit paying 11% annual simple interest, at what rate does the remainder of the money need to be invested so that the two investments together yield at least $1600 in yearly interest. Answer by richwmiller(17219) (Show Source):
