Victor invests part of his $5,000 in a savings account that pays 4.5% annual simple interest. He
Question:
Victor invests part of his $5,000 in a savings account that pays 4.5% annual simple interest. He invests the rest in bonds that pay 8% annual simple interest. Let s be the amount invested in savings and r be the amount invested in bonds. Victor’s total income in one year from these investments is $305.50. Which of the following systems of equations represents this relationship?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: