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Back to 2.4 Solve Mixture and Uniform Motion Applications

2.4 Exercise 53

Avg difficulty 2.5

Solve each mixture word problem.

Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 5.8% interest per year. He will put some of the money into Fund A that earns 3% per year and the rest in Fund B that earns 10% per year. How much should he invest into each fund if he wants to earn 5.8% interest per year on the total amount?

OpenStax Intermediate Algebra 2e, 2.4 Solve Mixture and Uniform Motion Applications, exercise 53

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