Asked by marco
One year, Shannon made $288 from two investments. $1100 was invested at one yearly rate and 1800 at a rate that was higher. Find the two rates of interest.
Answers
Answered by
Steve
1100x + 1800y = 288
There is no unique solution. The rates can be anywhere from
x=0 and y=16%
to
x=y=9.93%
There is no unique solution. The rates can be anywhere from
x=0 and y=16%
to
x=y=9.93%
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