Solve Mixture Applications with Systems of Equations · Exercise 30
Translate to a system of equations and solve.
Mark wants to invest $10,000 to pay for his daughter’s wedding next year. He will invest some of the money in a short term CD that pays 12% interest and the rest in a money market savings account that pays 5% interest. How much should he invest at each rate if he wants to earn $1,095 in interest in one year?
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OpenStax, Elementary Algebra 2e · §5.5 Solve Mixture Applications with Systems of Equations · Exercise 30
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