A person has invested $20,000, part at 5% and the rest at 4% simple interest rates. If

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A person has invested $20,000, part at 5% and the rest at 4% simple interest rates. If the total yearly income (gain) from the two investments is $880, how much is invested at 5% and how much at 4%?

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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Posted Date: Mar 07, 2024 10:49 PM

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A person has invested $20,000, part at 5% and the rest at 4% simple interest rates. If

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Advanced Accounting

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