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Mathematics
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Intermediate Algebra
Quiz 4: Systems of Linear Equations
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Question 81
Multiple Choice
Solve the problem. -Don James wants to invest $69,000 to earn $4210 per year. He can invest in B-rated bonds paying 9% per year or in a Certificate of Deposit (CD) paying 4% per year. How much money should be invested in each to realize Exactly $4210 in interest per year?
Question 82
Multiple Choice
Solve the problem. -How can $28,000 be invested, part at 4% annual interest and the remainder at 10% annual interest, so that the interest earned by the two accounts is equal at the end of the year?
Question 83
Multiple Choice
Solve the problem. -Melissa invested a sum of money at 3% annual interest. She invested three times that sum at 5% annual interest. If her total yearly interest from both investments was $5400, how much was invested at 3%?