SOLUTION: Suppose a certain amount of money was invested at 6% per year, and another amount at 8.5% per year, with a total return of $1250. If the amounts invested at each rate were switched

SOLUTION: Suppose a certain amount of money was invested at 6% per year, and another amount at 8.5% per year, with a total return of $1250. If the amounts invested at each rate were switched

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Question 811257: Suppose a certain amount of money was invested at 6% per year, and another amount at 8.5% per year, with a total return of $1250. If the amounts invested at each rate were switched, the yearly income would have been $1375. To the nearest whole dollar, how much was invested at each rate?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.06x+.085y=1250,
.06y+.085x=1375
x=11551.70, y=6551.72
x=11552, y=6552 to the nearest dollar
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