Describe the situation with a linear inequality and then solve the inequality.David has $13,000 to invest. He invests $8000 in a mutual fund that pays 12% annual simple interest. If he wants to make at least $2200 in yearly interest, at what minimum rate does the remainder of the money need to be invested?

A. 22.8%
B. 24.8%
C. 26.8%
D. 23.8%


Answer: B

Mathematics

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