Solve Mixture Applications with Systems of Equations · Exercise 31
Translate to a system of equations and solve.
A trust fund worth $25,000 is invested in two different portfolios. This year, one portfolio is expected to earn 5.25% interest and the other is expected to earn 4%. Plans are for the total interest on the fund to be $1150 in one year. How much money should be invested at each rate?
OpenStax, Elementary Algebra 2e · §5.5 Solve Mixture Applications with Systems of Equations · Exercise 31
No hints for this one.
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