In Exercises 3643, use the five-step strategy for solving word problems. You invested $8000 in two funds

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In Exercises 36–43, use the five-step strategy for solving word problems.

You invested $8000 in two funds paying 2% and 5% annual interest. At the end of the year, the interest from the 5% investment exceeded the interest from the 2% investment by $85. How much money was invested at each rate?

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Question Posted: May 23, 2023 02:02 PM

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In Exercises 3643, use the five-step strategy for solving word problems. You invested $8000 in two funds

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Let x the amount invested at 2 Let 8000x t...View the full answer

College Algebra

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