A student invests $5000 at two annual interest rates, 5% and 7%. After 1 year the student
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A student invests $5000 at two annual interest rates, 5% and 7%. After 1 year the student receives a total of $325 in interest. How much did the student invest at each interest rate?
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Let x amount invested at 5 and y amount invested at 7 then x...View the full answer
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Related Book For
College Algebra With Modeling And Visualization
ISBN: 9780134418049
6th Edition
Authors: Gary Rockswold
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