SOLUTION: Two investments totaling $35,000 produce an annual income of $1395. One investment yields 6% per year, while the other yields 3% per year. How much is invested at each rate?
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Question 942898: Two investments totaling $35,000 produce an annual income of $1395. One investment yields 6% per year, while the other yields 3% per year. How much is invested at each rate? Answer by TimothyLamb(4379) (Show Source):
You can put this solution on YOUR website! x = dollar amount invested at 6%
y = dollar amount invested at 3%
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x + y = 35000
0.06x + 0.03y = 1395
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put the system of linear equations into standard form
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x + y = 35000
0.06x + 0.03y = 1395
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copy and paste the above standard form linear equations in to this solver:
https://sooeet.com/math/system-of-linear-equations-solver.php
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solution:
x = 11500
y = 23500
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