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The combined yearly interest for x dollars invested at 12% and 45,000−x dollars invested at 8% is...
4 months ago
Q:
The combined yearly interest for x dollars invested at 12% and 45,000−x dollars invested at 8% is ________.
Accepted Solution
A:
.12x + .08(45000-x)
.12x + 3600 - .08x
.12x - .08x + 3600
.04x + 3600
combined yearly interest = .04x + 3600