Question: Use a system of linear equations to find the solution to following problem. Use the formula interestequals =principaltimes ratetimes time. A total of $ 7000

Use a system of linear equations to find the solution to following problem. Use the formula interestequals

=principaltimes

ratetimes

time.

A total of $ 7000

$7000 isinvested, part at 3 %

3% simple interest and part at 6 %

6%. If the total annual return from the two investments is $ 330

$330, how much is invested at eachrate?

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