Question: Solve the systems of equations. it is necessary to set up the appropriate equations. All numbers are accurate to at least three significant digits. A

Solve the systems of equations. it is necessary to set up the appropriate equations. All numbers are accurate to at least three significant digits.

A person invests a total of $22,500 in three different mutual funds, A, B and C. The yields after one year were 5.00%, 6.00%, and 6.50% for funds A, B, and C, respectively. If the income gained from funds A and B are equal, and the total income from all three funds was $1308, how much was invested in each fund?

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Let x y and z be the amount invested in funds A B and C respectively Then we have x y z 22500 1 The ... View full answer

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