SOLUTION: A total of $3000 is invested, part at 2% simple interest and part at 4%. If the total annual return from the two investments is $100, how much is invested at each rate? Using 3

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Question 799089: A total of $3000 is invested, part at 2% simple interest and part at 4%. If the total
annual return from the two investments is $100, how much is invested at each
rate?
Using 3 linear equations

Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Why should you use 3 linear equations? The solution to the problem only requires 2 linear equations.

John

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