Mathematics, 06.02.2022 04:50 karlacarreras152
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.
A. Define variables to represent the unknowns and setup the necessary equations to answer the question.
B. Algebraically solve the equation you created and express your final answer using a complete sentence and
appropriate units.
Answers: 2
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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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