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OpenStudy (anonymous):
An executive invests $24,000, some at 6% and some at 4% annual interest. If he receives an annual return of $1320, how much is invested at each rate?
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OpenStudy (anonymous):
x*6/100+ (24000-x)* 4/100= 1320 2x/100+960=1320 x=18000 hedeposited 18000@6% and 6000@ 4%
OpenStudy (anonymous):
thank you so much :) i couldnt find that formula in our book
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