The given amount of annual interest is earned from a total of $14,000 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 $497 3.5% 3.6% invested at 3.5% 2$ invested at 3.6% 2$

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
ChapterP: Prerequisites
SectionP.8: Solving Basic Equations
Problem 30E
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The given amount of annual interest is earned from a total of $14,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate
The given amount of annual interest is earned from a total of $14,000 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
$497
3.5%
3.6%
invested at 3.5%
2$
invested at 3.6%
2$
Transcribed Image Text:The given amount of annual interest is earned from a total of $14,000 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 $497 3.5% 3.6% invested at 3.5% 2$ invested at 3.6% 2$
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