Remaining invest amount, physics homework help

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account_balance_wallet $5

Question Description

A man has $ 10,000 to invest. He invests $ 4000 at 5 % and $ 3500 at 4 %. In order to have a yearly income of $ 500, he must invest the remainder at:

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Tutor Answer

jamila
School: UC Berkeley

Kindly check the complete paper below.

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Income from $ 4000 at 5 % in one year = $ 4000 of 5 %.
= $ 4000 × 5/100.
= $ 4000 × 0.05.
= $ 200.
Income from $ 3500 ...

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Anonymous
Thanks, good work

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