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George invested $ 2,000 at two different rates, 5% and 6%. If his total interest income was $106, how much did he invest at each rate
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George invested $ 2,000 at two different rates, 5% and 6%. If his total interest income was $106, how much did he invest at each rate

User Warao
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2 Answers

6 votes
The answer would be $105 hope this helped
User Chrismillah
by
8.2k points
2 votes
X+y= 2000
.05x+.06y= 105

Multiply top row by -.05
-.05x-.05y= -100
.05x+.06y=105
.01y=5
Divide by .01
Y= 500
2000-500=1500
$1.500 at 5%
$500 ar 6%
Check
1500x.05= $75
55 X.06=$30
Total $105
User Jamele
by
8.0k points
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