## Question

# A deposit of $4000 is made into an account that earns 11% annual simple interest. How much additional money must be deposited into an account

A deposit of $4000 is made into an account that earns 11% annual simple interest. How much additional money must be deposited into an account that pays 14% annual simple interest so that the total interest earned is 12% of the total investment?

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Let x amount of additional money at 14 required to do this then ...### Get Instant Access to Expert-Tailored Solutions

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### College Mathematics for Business Economics Life Sciences and Social Sciences

**Authors:** Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

12th edition

321614003, 978-0321614001

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