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kaykay212 kaykay212
  • 06-09-2016
  • Mathematics
Answered

david has $17000 to invest. He invests $12000 in a mutual fund that pays 12% annual simple interest. if he wants to make at least $2200 in a yearly interest, at what minimum rate does the remainder of the money need to be invested

Verified Answer :

Anonymous Anonymous
  • 06-09-2016

the rate is 15.2% let me know if you need the work

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