Eric invested some money at 6% and $4000 less than that amount at 4%. Find the amount

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Eric invested some money at 6% and $4000 less than that amount at 4%. Find the amount invested at each rate if his total annual interest income was $840.

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Question Posted: May 28, 2023 12:36 AM

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Eric invested some money at 6% and $4000 less than that amount at 4%. Find the amount

Question:

Principal Rate (in dollars) (as a decimal) X 0.06 0.04 XXXXXXXXX Interest (in dollars)

Step by Step Answer:

Lets assume Eric invested x amount of money at 6 interest rate Accor...View the full answer

Intermediate Algebra

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