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25 December, 04:35

An executive invests $21000, some at 7 % and the rest at 6%. If he receives an annual return of $1390, how much is invested at each rate?

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  1. 25 December, 05:03
    0
    Step-by-step explanation:

    P. R. I

    X ...07 ...07X

    21000-x ...06 ...06 (2100-x)

    2100. 1390

    .07x +.06 (21000-x) = 1390

    .07x + 1260 -.06x = 1390

    .01x = 130

    X=13,000 @7%

    8000 @ 6%
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