If $8700 is invested at 3% annual simple interest, how much should be invested at 6% annual simple interest so that the total ye
arly income for both investments is $393?
1 answer:
First off, see how much 8700 as principal, yields at 3% APR
that is

it will yield some amount
subtract that amount from 393
the difference is how much the yield will be on the 6% investment
so

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Hello,
Please, see the attached file.
Thanks.
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