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OpenStudy (anonymous):
Colin invested $20,000, part at 5% and part at 11%. If the total interest at the end of the year is $1,060, how much did he invest at 5% ?
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OpenStudy (anonymous):
he invest x amount at 5% so he invest 0.05*x he invest 20000-x at 11% 0.05x +.11(2000-x) =1060
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