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Algebra
Question

A person invested  for 1 year, part at 7%, an...

A person invested $8300 for 1 year, part at 7%, and the remainder at 12%. The total annual income from these investment was $898. The amount of money invested at 12% was $700 more than the amounts invested at 7% and 11% combined. Find the amount invested at each rate.

Answer

$1500 at 7%

$2300 at 11%

$4500 at 12%

Solution
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