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You inherit $10,000 and will invest the money in two stocks paying 6% and 11% annual interests, respectively. How much should be invested at each rate if the total interest earned for the year is to be $900?.

Sagot :

Ahmedmido1595idn

Answer:

Explanation:

900=.06x+.111y

x+y=10000

solving together gives

x=4000$

y=6000$

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