Mr. Brown wants to invest part of his lottery winnings in a safe fund that earns 3.5% annual interest and the rest in a isky fund that expects to yield 9% annual interest. The amount of money invested in the safe fund, x, is to be exactly wice the amount invested in the risky fund, y. Use the system of equations to determine the amount to be invested in each fund if a total of $480 is to be earned at the end of one year. X 0.035x+0.09y = 2y = 480 .... The amount to be invested in the risky fund at 9% annual interest is $ (Simplify your answer.)

Mr. Brown wants to invest part of his lottery winnings in a safe fund that earns 3.5% annual interest and the rest in a isky fund that expects to yield 9% annual interest. The amount of money invested in the safe fund, x, is to be exactly wice the amount invested in the risky fund, y. Use the system of equations to determine the amount to be invested in each fund if a total of $480 is to be earned at the end of one year. X 0.035x+0.09y = 2y = 480 .... The amount to be invested in the risky fund at 9% annual interest is $ (Simplify your answer.)

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter5: Systems Of Linear Equations

Section5.5: Solve Mixture Applications With Systems Of Equations

Problem 5.94TI: Translate to a system of equations and solve: Sammy has most of the ingredients he needs to make a...

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