I need help solving this word problem.........thank you

SoccerBoss
Category:
Algebra
Price: $5 USD

Question description

After the sale of some income property, Jeremy Littlefield invested $16,000 in a certificate of deposit that earns 8.25% annual simple interest. How much money does he have invested in certificates that earn an annual simple interest rate of 10% if the total annual interest earned from the two investments is $3720?


Tutor Answer

(Top Tutor) Daniel C.
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School: UT Austin
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