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Create a system of equations which can be used to solve the problem. DO NOT SOLVE. 5) Linda invests $25,000 for one year. Part is invested at 5%, another part at 6%, and the rest at 8%.
Create a system of equations which can be used to solve the problem. DO NOT SOLVE. 5) Linda invests $25,000 for one year. Part is invested at 5%, another part at 6%, and the rest at 8%. The total income from all 3 investments is $1600. The combined income from the 5% and 6% investments is the same as the income from the 8% investment. Find the amount invested at each rate.
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