Question 17643: If possible, I would love some help with this problem. I need to be able to solve it with substitution. I am able to do substitution but the only problem I have is finding the equations within the problem. Thanks so much in advance! Here is the question:
Kelly invested her savings of $4800. She invested part in mutal funds, at 9% per year an the rest in GIC's, at 10% per year. At the end of the yera ,the interest from the mutual funds investment was $43 less than the interest from the GIC investment. How much was invested in each type of investment?
Answer by IA(6)   (Show Source):
You can put this solution on YOUR website! If possible, I would love some help with this problem. I need to be able to solve it with substitution. I am able to do substitution but the only problem I have is finding the equations within the problem. Thanks so much in advance! Here is the question:
Kelly invested her savings of $4800. She invested part in mutal funds, at 9% per year an the rest in GIC's, at 10% per year. At the end of the yera ,the interest from the mutual funds investment was $43 less than the interest from the GIC investment. How much was invested in each type of investment
equation:
1.09y - part of the money invested at 9% per year
1.1x - part of money invested at 10% per year
1.09y-1.1x=$43 - the difference is $43
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