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 $260 2% 4% invested at 2% 2$ invested at 4% $

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter4: Rational Expressions
Section4.CR: Review Problem Set
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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
$260
2%
4%
invested at 2%
2$
invested at 4%
$
Transcribed Image Text: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 $260 2% 4% invested at 2% 2$ invested at 4% $
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