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There were two investments that produce a $150 income each month. If 1,000 more is invested at 9% than at 10% per year, how much was invested at each percent. There were 12 months in a year
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Solution Summary
This provides an example of determining how much was invested at each interest rate to get a given total.
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Suppose that $x is invested at 10% per year. Then, $(x + 1000) is invested at 9% per ...
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