Kenneth S. answered • 05/02/16

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Expert Help in Algebra/Trig/(Pre)calculus to Guarantee Success in 2018

$67,000 SPLIT into two different investments; x amount at 4%per year, the rest (67,000-x) at 6% per year.

The total year's earned simple interest is $3480. You write this equation:

0.04x + 0.06(67000-x) = 3480.

Use your algebra skills to find the answer; check your answer. Easy!