An amount of money is invested at 4% annual simple interest, and twice that amount is invested

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An amount of money is invested at 4% annual simple interest, and twice that amount is invested at 5%. The total annual interest is $112. How much is invested at each rate?

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Question Posted: May 26, 2023 11:46 PM

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An amount of money is invested at 4% annual simple interest, and twice that amount is invested

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Lets assume the amount of money invested at 4 is x According to the given in...View the full answer

Intermediate Algebra

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