Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The amount invested at 3.5% interest rate is $5,000.
The amount invested at 5.75% interest rate is $775,000.
What are the linear equations that represent the question?
Total amount invested = ( 1 -tax rate) x amount won
0.65 x 1,200,000 = $780,000
a + b = $780,000 equation 1
0.035a + 0.0575b = $33,600 equation 2
Where:
- a = amount invested at 3.5% interest rate
- b = amount invested at 5.75% interest rate
What are the amounts invested at 3.5% and 5.57% interest rate ?
Multiply equation 1 by 0.0575
0.0575a + 0.0575b = 44,850 equation 3
Subtract equation 2 from equation 3
11,250 = 2.25a
a = 11,250 / 2.25
a = $5000
In order to determine the value of b , subtract $5000 from 780,000.
780,000 - 5000 = $775,000
To learn more about simultaneous equations, please check: https://brainly.com/question/25875552
#SPJ1
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
