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Lubov Fominskaja [6]
3 years ago
6

A professor wants to supplement her pension with investment interest. if she invests $35,000 at 7% interest, how much more would

she have to invest at 8% to achieve a goal of $4,370 per year in supplemental income?
Business
1 answer:
Reil [10]3 years ago
6 0
Hi there
35000×0.07+0.08x=4370
Where x is the amount invested at 8%
Now solve for x
2450+0.08x=4370
0.08x=4370-2450
0.08x=1,920
X=1,920÷0.08
X=24,000.....answer

Good luck!
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