The given amount of annual interest is earned from a total of $8,000 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 $260 2% 4%

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
Section6.5: Applying Systems Of Linear Equations
Problem 13PPS
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The given amount of annual interest is earned from a total of $8,000 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
$260 2% 4%

 

invested at 2% _________ ?

invested at 4% _________ ?

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