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11 October, 03:04

Things did not go quite as planned. You invested $21,360, part of it in a stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the

total annual income from both investments was $1822, how much was invested at each rate?

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  1. 11 October, 03:10
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    Answer: let the amount invested be P and Q

    P+Q=21360

    0.12P-0.05Q=1822

    0.12 (21360-Q) - 0.05Q=1822

    2563.2-0.12Q-0.05Q=1822

    0.17Q=741.2

    Q=4360

    P=17000
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