Use a system of equations to solve the following problem An investor decides to invest some cash in an account paying 5% annual interest, and to put the rest in a stock fund that ends up earning 13% over the course of a year. The investor puts $800 more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $1210 How much money was invested at each of the two rates? Round to the nearest integer Answer How to enter your answer (opens in new window) $ 4915 45% at 13%
Use a system of equations to solve the following problem An investor decides to invest some cash in an account paying 5% annual interest, and to put the rest in a stock fund that ends up earning 13% over the course of a year. The investor puts $800 more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $1210 How much money was invested at each of the two rates? Round to the nearest integer Answer How to enter your answer (opens in new window) $ 4915 45% at 13%
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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![Use a system of equations to solve the following problem.
An investor decides to invest some cash in an account paying 5 % annual interest, and to put the rest in a stock fund that ends up earning 13% over the course of a
year. The investor puts $800 more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $1210
How much money was invested at each of the two rates? Round to the nearest integer
Answer
How to enter your answer (opens in new window)
$ 4915
$
ja 5%
at 13%
Keypad
Keyboard Shortcuts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab293dd4-281e-46cd-9c02-1b564133269d%2Ffa9d1689-351c-4256-9bd4-788593896901%2Fx3ylwj8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use a system of equations to solve the following problem.
An investor decides to invest some cash in an account paying 5 % annual interest, and to put the rest in a stock fund that ends up earning 13% over the course of a
year. The investor puts $800 more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $1210
How much money was invested at each of the two rates? Round to the nearest integer
Answer
How to enter your answer (opens in new window)
$ 4915
$
ja 5%
at 13%
Keypad
Keyboard Shortcuts
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