document.write( "Question 1123392: In investing $6,950 of a couple's money, a financial planner put some of it into a savings account paying 4% annual simple interest. The rest was invested in a riskier mini-mall development plan paying 13% annual simple interest. The combined interest earned for the first year was $638. How much money was invested at each rate?
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Algebra.Com's Answer #739697 by jerryguo41(197)![]() ![]() You can put this solution on YOUR website! The system of equations: \n" ); document.write( "1. A financial planner put some of it into a savings account paying 4% annual simple interest. The rest was invested in a riskier mini-mall development plan paying 13% annual simple interest. The combined interest earned for the first year was $638.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2. investing $6,950 of a couple's money \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "System: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Rewrite and Plug-In\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "$4000 was invested in the risky mini-mall dev plan, while $2950 was invested in the savings account. \n" ); document.write( " \n" ); document.write( " |