How much should he invest in each bank to earn most interest


Jamaal is planning to invest up to $17,000 in City Bank or State Bank. He wants to invest at least $4,000 in City Bank but no more than $16,000; since State Bank does not insure more than $12,000, he wants to invest no more than this amount in State Bank. The interest at City Bank is 6%, and the interest at State Bank is 8%. How much should he invest in each bank to earn the most interest?

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Accounting Basics: How much should he invest in each bank to earn most interest
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