Karen decided to put her money into two investments. She deposited an amount in an investment paying 8% and twice the amount in an investment paying 10%. If the total income on these investments was $560, then how much did she invest at the higher rate? and how much did she invest at the lower rate? a. $1000 b. $2000 c. $3000 d. $4000
Karen decided to put her money into two investments. She deposited an amount in an investment paying 8% and twice the amount in an investment paying 10%. If the total income on these investments was $560, then how much did she invest at the higher rate? and how much did she invest at the lower rate? a. $1000 b. $2000 c. $3000 d. $4000
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 9P
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Karen decided to put her money into two investments. She deposited an amount in an investment paying 8% and twice the amount in an investment paying 10%. If the total income on these investments was $560, then how much did she invest at the higher rate? and how much did she invest at the lower rate?
a. $1000
b. $2000
c. $3000
d. $4000
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