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You inherit $56,000 from a wealthy grandparent, with the stipulation that for the first year, the money must be invested in two stocks paying 4% and 10% annual, respectively. How much should be invested at each rate if the total interest earned for the year is to be $3,200

 Sep 7, 2020
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.04 x    +    .10 (56000-x) = 3200    Solve for x , the 4% amount     Then 10% amount = 56000-x

 Sep 7, 2020

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