Answer:
31000 dollars were invested at 4% interest rate.
16000 dollars were invested at 5% interest rate.
Step-by-step explanation:
Convert the interest rate into decimal and then write down two equations to solve for the unknowns.
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Solve s = rθ for θ. A) θ = rs B) θ = r/s C) θ = s/r D) θ = 1/rs
2 answers:
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