Larry Mitchell invested part of his $29,000 advance at 8% annual simple interest and the rest at 2%annual simple interest. If his total yearly interest from both accounts was $1,540,find the amount invested at each rate. The amount invested at 8% is __ The amount invested at 2% is ___

Larry Mitchell invested part of his $29,000 advance at 8% annual simple interest and the rest at 2%annual simple interest. If his total yearly interest from both accounts was $1,540,find the amount invested at each rate. The amount invested at 8% is The amount invested at 2% is _

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...

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The amount invested at 8% is __

The amount invested at 2% is ___

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