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Back to 3.3 Solve Mixture Applications

3.3 Exercise 68

Avg difficulty 2.5

Solve each mixture word problem.

Stephanie inherited $40,000. She wants to put some of the money in a certificate of deposit that pays 2.1% interest per year and the rest in a mutual fund account that pays 6.5% per year. How much should she invest in each account if she wants to earn 5.4% interest per year on the total amount?

OpenStax Elementary Algebra 2e, 3.3 Solve Mixture Applications, exercise 68

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Adapted from Elementary Algebra 2e © 2020 Rice University. Licensed under CC BY 4.0. Source: Elementary Algebra 2e. Imported at revision 77a933c.