CHAPTER 4  Objective 5.1  Exercises

Name: __________________

Score: __________________

Solve.

1. An investment adviser invested $24,000 in two accounts. One investment earned 16% annual simple interest; the other investment lost 5%. The total earnings from both investments were $1740. Find the amount invested at 16%.

2. An investment adviser invested $18,000 in two accounts. One investment earned 13% annual simple interest; the other investment lost 4%. The total earnings from both investments were $980. Find the amount invested at 13%.

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