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Two equations.

x+y=56000

.07x=.05y

Solve both of these equations simultaneously and it will be the answer.

x+(.07/.05 x)=56000

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โˆ™ 2011-02-14 04:27:29
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Q: How can 56000 be invested part at 7 percent annual simple interest and the remainder at 5 percent simple annual interest do that so the interest earned by both accounts is equal?
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