An investor has $11,000 invested in two funds. The first returns 6% per annum and the second returns 5% per annum. The investor has distributed their money in the two funds such that the resulting total income is $630 per annum. Let æ and y represent the dollar amount invested in the first and second fund respectively. This information can be expressed as a pair of linear equations, x + y = 11000, ax + by = 630 . Then

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Chapter6: Systems Of Equations And Inequalities
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An investor has $11,000 invested in two funds.
The first returns 6% per annum and the second returns 5% per annum.
The investor has distributed their money in the two funds such that the resulting total income is $630 per annum.
Let x and y represent the dollar amount invested in the first and second fund respectively.
This information can be expressed as a pair of linear equations,
x + y = 11000 ,
ax + by = 630 .
Then
Transcribed Image Text:An investor has $11,000 invested in two funds. The first returns 6% per annum and the second returns 5% per annum. The investor has distributed their money in the two funds such that the resulting total income is $630 per annum. Let x and y represent the dollar amount invested in the first and second fund respectively. This information can be expressed as a pair of linear equations, x + y = 11000 , ax + by = 630 . Then
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