SOLUTION: How can $42,000 be invested, part at 4% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal at the end
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Question 714677: How can $42,000 be invested, part at 4% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal at the end of the year? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested @ 4% = amount invested @ 10%
given:
$30,000 should be invested @ 4%
$12,000 should be invested @ 10%
check:
OK
