The given amount of annual interest is earned from a total of $11,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Annual Interest Rate 1 Rate 2 $223 1.75% 2.25% invested at 1.75% invested at 2.25% 2$

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter6: Systems Of Linear Equations And Inequalities
Section: Chapter Questions
Problem 19PT
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The given amount of annual interest is earned from a total of $11,000 invested in two funds paying simple interest. Write and solve a system of equations to find the
amount invested at each given rate.
Annual Interest
Rate 1
Rate 2
$223
1.75%
2.25%
invested at 1.75%
invested at 2.25%
Transcribed Image Text:The given amount of annual interest is earned from a total of $11,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Annual Interest Rate 1 Rate 2 $223 1.75% 2.25% invested at 1.75% invested at 2.25%
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