EXAMPLE 2 Interest on an Investment Mary inherits $100,000 and invests it in two certificates of deposit. One certificate pays 6% and the other pays 4,% simple interest annually. If Mary's total interest is $5025 per year, how much money is invested at each rate?
EXAMPLE 2 Interest on an Investment Mary inherits $100,000 and invests it in two certificates of deposit. One certificate pays 6% and the other pays 4,% simple interest annually. If Mary's total interest is $5025 per year, how much money is invested at each rate?
Chapter6: Systems Of Equations And Inequalities
Section6.1: Linear And Nonlinear Systems Of Equations
Problem 2ECP: A total of $25,000 is invested in two funds paying 6.5 and 8.5 simple interest. The total annual...
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