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A total of

$8000
is invested: part at
8%
and the remainder at
12%
.
How much is invested at each rate if the annual interest is
$650
?

2 answers

if $x at 8%, then the rest (8000-x) is at 12%. So,

.08x + .12(8000-x) = 650

Now do the math.

336

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