Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
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
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
