A university invests $600,000 at simple interest, part at 6%, half that amount at 4.5%, and the

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A university invests $600,000 at simple interest, part at 6%, half that amount at 4.5%, and the rest at 3.5%. What is the most that the university can invest at 3.5% and be guaranteed $24,600 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 university invests $600,000 at simple interest, part at 6%, half that amount at 4.5%, and the

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Let x the amount invested at 6 Then 1 2 x the amount i...View the full answer

College Algebra Graphs and Models

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