Purchase Solution

# Find the amount invested at each rate.

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A person invested \$7200 for 1 year, part at 4%, part at 10%, and the remainder at 15%. The total annual income from these investments was \$863. The amount of money invested at 15% was \$1400 more than the amounts invested at 4% and 10% combined. Find the amount invested at each rate.

The person invested \$__ at 4%, \$__ at 10%, and \$__ at 15%.

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The solution contains detailed step by step explanation to solve the given problem. Grab the post from the library and learn how you can calculate the invested amount when the total annual income from investments is given.

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A person invested \$7200 for 1 year, part at 4%, part at 10%, and the remainder at 15%. The total annual income from these investments was \$863. The amount of money invested at 15% was \$1400 more than the amounts invested at 4% and 10% combined. Find the amount invested at each rate.

Solution --

Let the amount invested at 4% be x, amount at 10% be y, then the amount ...

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