Jamaal is planning to invest up to $19000 in City Bank or State Bank. He wants to invest at least $1000 in City Bank, but not more than $7000; since State Bank does not insure more than $16000, he wants to invest no more than this amount in State Bank. The interest at City Bank is 3%, and the interest at State Bank is 4%. How much should he invest in each bank to earn the most interest? What is the maximum amount of interest that Jamaal can earn? He should invest $ in City Bank and $ in State Bank. The maximum amount of interest that Jamaal can earn is $.
Jamaal is planning to invest up to $19000 in City Bank or State Bank. He wants to invest at least $1000 in City Bank, but not more than $7000; since State Bank does not insure more than $16000, he wants to invest no more than this amount in State Bank. The interest at City Bank is 3%, and the interest at State Bank is 4%. How much should he invest in each bank to earn the most interest? What is the maximum amount of interest that Jamaal can earn? He should invest $ in City Bank and $ in State Bank. The maximum amount of interest that Jamaal can earn is $.
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 61SE: Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one...
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![Jamaal is planning to invest up to $19000 in City Bank or State Bank. He wants to invest at least $1000 in City Bank, but not more than $7000; since State Bank does not
insure more than $16000, he wants to invest no more than this amount in State Bank. The interest at City Bank is 3%, and the interest at State Bank is 4%. How much
should he invest in each bank to earn the most interest? What is the maximum amount of interest that Jamaal can earn?
He should invest $ in City Bank and $ in State Bank.
The maximum amount of interest that Jamaal can earn is $.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3f191a8-a1b2-42ed-ac9e-32d60645d728%2F19d356f6-b538-4a73-b894-c5c2352850ab%2Fgb3mimdu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jamaal is planning to invest up to $19000 in City Bank or State Bank. He wants to invest at least $1000 in City Bank, but not more than $7000; since State Bank does not
insure more than $16000, he wants to invest no more than this amount in State Bank. The interest at City Bank is 3%, and the interest at State Bank is 4%. How much
should he invest in each bank to earn the most interest? What is the maximum amount of interest that Jamaal can earn?
He should invest $ in City Bank and $ in State Bank.
The maximum amount of interest that Jamaal can earn is $.
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