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Aleksandr [31]
2 years ago
6

Paul has $20,000 to invest. His intent is to earn 10.5% interest on his investment. He can invest part of his money at 7% intere

st and part at 12% interest. How much does Paul need to invest in each option to make 10.5% interest on his investment?
Paul should invest $
and $
to earn 10.5% on his investments.
Mathematics
1 answer:
Art [367]2 years ago
3 0
X=7%
y=12%
x+y=20000
0.07x+0.12y=20000*0.19=3800
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