You are given the total annual interest earned from a total of $11,600 invested in two funds paying the given rates of simple interest. Write and solve a system of equations to find the amount invested at each rate. Annual Interest Rate 1 Rate 2 $243 1.75% 2.25% Rate 1 $________ at 1.75% Rate 2 $________ at 2.25%
You are given the total annual interest earned from a total of $11,600 invested in two funds paying the given rates of simple interest. Write and solve a system of equations to find the amount invested at each rate. Annual Interest Rate 1 Rate 2 $243 1.75% 2.25% Rate 1 $________ at 1.75% Rate 2 $________ at 2.25%
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter6: Systems Of Linear Equations And Inequalities
Section6.5: Applying Systems Of Linear Equations
Problem 13PPS
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You are given the total annual interest earned from a total of $11,600 invested in two funds paying the given rates of simple interest. Write and solve a system of equations to find the amount invested at each rate.
Annual Interest | Rate 1 | Rate 2 |
$243 | 1.75% | 2.25% |
Rate 1 | $________ at 1.75% |
Rate 2 | $________ at 2.25% |
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