Asked by v
Maria has a total of $12,000 invested in two funds. The first fund pays simple interest at 6% per year and the other pays simple interest at 7% per year. If the funds earn a combined $817 in interest in one year, how much does she have invested in each fund?
Answers
Answered by
R_scott
let a = 1st , and b = other
a + b = 12000
.06 a + .07 b = 817
solve the system
a + b = 12000
.06 a + .07 b = 817
solve the system
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