samm2002
samm2002
29.09.2019 • 
Mathematics

You invest a total of $5800 in two investments earning 3.5% and 5.5% simple interest. your goal is to have a total annual interest income of $283. write a system of linear equations that represents this situation where x represents the amount invested in the 3.5% fund and y represents the amount invested in the 5.5% fund. solve this system to determine the smallest amount that you can invest at 5.5% in order to meet your objective.

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