Mr. Jones has $16,000 to invest. He invests part at 6% and the rest at 10%. If

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Mr. Jones has $16,000 to invest. He invests part at 6% and the rest at 10%. If he earns $1,320 in interest after 1 year, how much did he invest at each rate?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 16, 2024 03:55 PM

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Mr. Jones has $16,000 to invest. He invests part at 6% and the rest at 10%. If

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Let x be the amount Mr Jones invested at 6 and 16000 x be the amount he invested ... View the full answer

Income Tax Fundamentals 2013

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