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Get Full Access to College Algebra And Trigonometry - 7 Edition - Chapter 1 - Problem 64
Get Full Access to College Algebra And Trigonometry - 7 Edition - Chapter 1 - Problem 64

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# Investment A total of \$5500 was deposited into two simple

ISBN: 9781439048603 155

## Solution for problem 64 Chapter 1

College Algebra and Trigonometry | 7th Edition

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Problem 64

Investment A total of \$5500 was deposited into two simple interest accounts. On one account the annual simple interest rate is 4%, and on the second account the annual simple interest rate is 6%. The amount of interest earned for 1 year was \$295. How much was invested in each account?

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##### ISBN: 9781439048603

The answer to “Investment A total of \$5500 was deposited into two simple interest accounts. On one account the annual simple interest rate is 4%, and on the second account the annual simple interest rate is 6%. The amount of interest earned for 1 year was \$295. How much was invested in each account?” is broken down into a number of easy to follow steps, and 51 words. The full step-by-step solution to problem: 64 from chapter: 1 was answered by , our top Math solution expert on 11/15/17, 04:29PM. This textbook survival guide was created for the textbook: College Algebra and Trigonometry, edition: 7. This full solution covers the following key subjects: Interest, account, simple, annual, rate. This expansive textbook survival guide covers 12 chapters, and 1041 solutions. College Algebra and Trigonometry was written by and is associated to the ISBN: 9781439048603. Since the solution to 64 from 1 chapter was answered, more than 243 students have viewed the full step-by-step answer.

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