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Maths Puzzle
Percentage
A company has $173,924 in bonds and from them earns $13,824 in simple interest annually. Part of the money is invested at 6.75% and the remainder at 8.24%. How much is invested at each rate?
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- $34049.5 @6.75% & $139874.5 @8.24%
If Amount invested @6.75%= x, then amount invested @8.24%= (173924-x)
Given total annual simple interest=13824=x*6.75+ [(173924-x)*8.24/100]
6.75x+1433133.76-8.24x=1382400
1.49x=50733.76 or x=34049.5, So 173924-x=139874.5 - 10 years agoHelpfull: Yes(0) No(0)
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