For the following exercises, create a system of linear equations to describe the behavior. Then, solve the
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For the following exercises, create a system of linear equations to describe the behavior. Then, solve the system for all solutions using Cramer’s Rule.
You invest $80,000 into two accounts, $22,000 in one account, and $58,000 in the other account. At the end of one year, assuming simple interest, you have earned $2,470 in interest. The second account receives half a percent less than twice the interest on the first account. What are the interest rates for your accounts?
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1 Interest rates 22000 10050 2470 interest in one year 8...View the full answer
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