Money is invested at two rates of interest.  One rate is 7% and the other is 5%.  If there is $600 more invested at 7% than at 5%, find the amount invested at each rate if the total annual interest received is $360.  Let x= amount invested at 7% and y= amount invested at 5%.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.7: Direct And Inverse Variation
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Money is invested at two rates of interest.  One rate is 7% and the other is 5%.  If there is $600 more invested at 7% than at 5%, find the amount invested at each rate if the total annual interest received is $360.  Let x= amount invested at 7% and y= amount invested at 5%. 

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