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 Rate 1 Rate 2 $526 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 Rate 1 Rate 2 $526 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 | Rate 1 | Rate 2 |
$526 | 2.75% | 3.25% |
(dollars invested at 2.75%, dollars invested at 3.25%) =
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