A foundation invests $50,000 at simple interest, part at 7%, twice that amount at 4%, and the

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A foundation invests $50,000 at simple interest, part at 7%, twice that amount at 4%, and the rest at 5.5%. What is the most that the foundation can invest at 4% and be guaranteed $2660 in interest per year?

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College Algebra Graphs and Models

ISBN: 978-0321845405

5th edition

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

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Question Posted: Apr 12, 2016 09:13 AM

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A foundation invests $50,000 at simple interest, part at 7%, twice that amount at 4%, and the

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Familiarize and Translate Let x the amount invested at 7 Then 2x the amount invested at 4 and 50 000 ...View the full answer

College Algebra Graphs and Models

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