Melissa is planning to invest a total of $17,000 in two accounts. if she invests $10,000 in a cd paying 12% annual simple interest, at what rate does the remainder of her money need to be invested so that the two investments together yield at least $1900 in yearly simple interest? (set up and solve an inequality to answer this question.

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Business

Agustin Caldwell

3 January, 19:00

Melissa is planning to invest a total of $17,000 in two accounts. if she invests $10,000 in a cd paying 12% annual simple interest, at what rate does the remainder of her money need to be invested so that the two investments together yield at least $1900 in yearly simple interest? (set up and solve an inequality to answer this question.

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Trinity Delgado · Answer 1

10,000 x. 12 = $1200.

$1200 - $1900=$700

$700/$7000=10%

She would need to get 10% from the remainder of her investments to reach $1900 for year with $17,000 to invest.