Use a system of two equations in two variables to solve the problem. A state employees' pension fund invested a total of one million dollars in two accounts that earned 3.5% and 4.5% annual simple interest. At the end of the year, the total interest earned from the two investments was $37,000. How much was invested at each rate? $ at 3.5% $ at 4.5%
Use a system of two equations in two variables to solve the problem. A state employees' pension fund invested a total of one million dollars in two accounts that earned 3.5% and 4.5% annual simple interest. At the end of the year, the total interest earned from the two investments was $37,000. How much was invested at each rate? $ at 3.5% $ at 4.5%
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.1: Systems Of Linear Equations
Problem 84E: Use the system of three equations in three variables to solve each problem. Investment income A...
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Use a system of two equations in two variables to solve the problem.
A state employees' pension fund invested a total of one million dollars in two accounts that earned 3.5% and 4.5% annual simple interest. At the end of the year, the total interest earned from the two investments was $37,000. How much was invested at each rate?
| $ | at 3.5% |
| $ | at 4.5% |
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