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Mathematics, 04.02.2022 01:30 antlife555
A farmer bought a scratch ticket and found out later that he won $1,800,000. After 30% was deducted for income taxes he invested the rest; some at 4.75% and some at 6.25%. If the annual interest earned from his investments is $72,135, find the amount he invested at each rate. Define variables to represent the unknowns and setup the necessary equations to answer the question.
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A farmer bought a scratch ticket and found out later that he won $1,800,000. After 30% was deducted...
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