Paul has $40,000 to invest. His intent is to earn 11% interest on his investment. He can invest part of his money at 8% interest and part at 13% interest. How much does Paul need to invest in each option

asked Oct 21, 2021 12.4k views

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2 votes

Answer:

.18n+2400-.06n=6000

.12n=3600

n=3600/.12=$30000 at 18%, $10000 at 6%

Explanation:

ASD answered Oct 28, 2021

by ASD

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