You are given the yearly interest earned from a total of $18,000 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. (Enter your answers as a comma-separated list. If there is no solution, enter NO SOLUTION.) Yearly Interest $531 Rate 1 Rate 2 2.75% 3.25% (dollars invested at 2.75%, dollars invested at 3.25%) =
You are given the yearly interest earned from a total of $18,000 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. (Enter your answers as a comma-separated list. If there is no solution, enter NO SOLUTION.) Yearly Interest $531 Rate 1 Rate 2 2.75% 3.25% (dollars invested at 2.75%, dollars invested at 3.25%) =
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![You are given the yearly interest earned from a total of $18,000 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. (Enter your answers as a comma-separated list. If there is no solution, enter NO SOLUTION.)
Yearly Interest
$531
Rate 1
Rate 2
2.75%
3.25%
(dollars invested at 2.75%, dollars invested at 3.25%) =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e0a90db-31c4-4f87-b231-a69139ed1731%2F0c2a5889-2e5a-471d-a9c4-bb2c6c182251%2Fb8j7qit_processed.png&w=3840&q=75)
Transcribed Image Text:You are given the yearly interest earned from a total of $18,000 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. (Enter your answers as a comma-separated list. If there is no solution, enter NO SOLUTION.)
Yearly Interest
$531
Rate 1
Rate 2
2.75%
3.25%
(dollars invested at 2.75%, dollars invested at 3.25%) =
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