Asked by steve
Jessica wants to invest $40,000 in two accounts. The annual returns
of the accounts are 8% and 6% of her investment. Jessica would like to have an
annual return of $2,500 from her two investments. Set up, but do not solve,
the set of linear equations that will determine how much she should invest in each
account. Be sure to include a well written definition of the variables.
of the accounts are 8% and 6% of her investment. Jessica would like to have an
annual return of $2,500 from her two investments. Set up, but do not solve,
the set of linear equations that will determine how much she should invest in each
account. Be sure to include a well written definition of the variables.
Answers
Answered by
Reiny
you define the variables, so that
x+y = 40000
.08x + .06y = 2500
x+y = 40000
.08x + .06y = 2500
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