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MTH 158
Your 'question form' report has been received. Scroll down through the document to see any comments I might have inserted, and my final comment at the end.
** Question Form_labelMessages **
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COuld you review the proper eqautoin to use for finances.
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EX: If you were investing $7000, what would you invest at 5% and 6% to reach close to a 700 interest?
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You couldn't get $700 interest at those rates. 6% of $700 is only $400.
Let's say you wanted to get $400, which is feasible, since 5% interest would get you $350 and 6% would get you $420.
You could invest amount x at 5% and $7000 - x at 6%. Your interest would then be
.05 * x + .06 * (7000 - x).
Set this equal to $400 and solve, and you'll get the result.
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