Luis invests part of his $6000 in a savings account that pays 3.4% annual interest rate. The rest, he invests in a CD account that pays 6% annual interest rate. Let s be the amount he invests in the savings account and c be the amount he invests in the CD account. At the end of the year, Luis's total interest income from both accounts is $321. Which of the following systems of equations represents this relationship? s+c = 321 0.034s+0.06c = 6000 %3D s+c = 6000 B) l0.06s + 0.034c = 321 %3D s+c = 6000

Elementary Geometry For College Students, 7e
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ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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Luis invests part of his $6000 in a
savings account that pays 3.4%
annual interest rate. The rest, he
invests in a CD account that pays
6% annual interest rate. Let s be
the amount he invests in the
savings account and c be the
amount he invests in the CD
account. At the end of the year,
Luis's total interest income from
both accounts is $321. Which of
the following systems of equations
represents this relationship?
s +c = 321
A) lo.034s + 0.06c = 6000
lo03.
s+c = 6000
B) {0.065
0.06s+ 0.034c = 321
s+c=6000
321
0.034s+0.06c
%3D
D) {0.065
s+c = 321
+ 0.034c =
6000
Transcribed Image Text:Luis invests part of his $6000 in a savings account that pays 3.4% annual interest rate. The rest, he invests in a CD account that pays 6% annual interest rate. Let s be the amount he invests in the savings account and c be the amount he invests in the CD account. At the end of the year, Luis's total interest income from both accounts is $321. Which of the following systems of equations represents this relationship? s +c = 321 A) lo.034s + 0.06c = 6000 lo03. s+c = 6000 B) {0.065 0.06s+ 0.034c = 321 s+c=6000 321 0.034s+0.06c %3D D) {0.065 s+c = 321 + 0.034c = 6000
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