An actor invests some money at 7%, and $22000 more than the amount at 11% The total annual interest earned from the investment is $49850. How much did he invest at each amount? Use the six-step method. He invested $_____ at 7% and $____ at 11%.
An actor invests some money at 7%, and $22000 more than the amount at 11% The total annual interest earned from the investment is $49850. How much did he invest at each amount? Use the six-step method. He invested $_____ at 7% and $____ at 11%.
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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An actor invests some money at 7%, and $22000 more than the amount at 11% The total annual interest earned from the investment is $49850. How much did he invest at each amount? Use the six-step method.
He invested $_____ at 7% and $____ at 11%.
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