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OpenStax, Elementary Algebra 2e §5.5 Solve Mixture Applications with Systems of Equations · Try It 9 · Algebra · Systems

Solve Mixture Applications with Systems of Equations · Try It 9

Translate to a system of equations and solve:
Leon had $50,000 to invest and hopes to earn 6.2 % interest per year. He will put some of the money into a stock fund that earns 7% per year and the rest in to a savings account that earns 2% per year. How much money should he put into each fund?

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OpenStax, Elementary Algebra 2e · §5.5 Solve Mixture Applications with Systems of Equations · Try It 9

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