A foundation invests $150,000 at simple interest, part at 7%, twice that amount at 4%, and the

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A foundation invests $150,000 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 still be guaranteed at least $7575 in interest per year?

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College Algebra Graphs And Models

ISBN: 9780134179032

6th Edition

Authors: Marvin Bittinger, Judith Beecher, David Ellenbogen, Judith Penna

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Question Posted: Dec 14, 2022 03:29 AM

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A foundation invests $150,000 at simple interest, part at 7%, twice that amount at 4%, and the

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Thus the most that can be invested at 4 is 90000 Let x the am...View the full answer

College Algebra Graphs And Models

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