SOLUTION: A credit union invests $100 000. Part of the investement has a return of 11% and the other part earns 16% interest. If the interest earns $13000 per year, find out how much the cre
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Question 595208: A credit union invests $100 000. Part of the investement has a return of 11% and the other part earns 16% interest. If the interest earns $13000 per year, find out how much the credit union invests at 11% and how much at 16%
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
x+y=100000;
.16x+.11y=13000
x=40000
y=60000
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