Things did not go quite as planned. You invested SllOOO, part or it in stock that paid

Chapter 1, Problem 41

(choose chapter or problem)

Things did not go quite as planned. You invested SllOOO, part or it in stock that paid 12% annual interest. However,the rest of the money suffe red a 5% loss. If the tota l annual income from both investments was $620, how much was invested at eac.h rate?

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