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16 October, 16:14

Anita's sister invested all of $6000 at 4% and at 6%. If the annual return on the 6% investment is $15 more than the annual return on the 4% investment, find how much is invested at the latter rate.

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  1. 16 October, 16:17
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    Equations:

    x (4%)

    y (6%)

    x+y=6000

    0.06y=0.04x+15

    The answer would be 2550, so $2550.
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