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Mathematics 15 Online
OpenStudy (anonymous):

Mike invested $505 for one year. He invested part of it at 6% and the rest at 5%. At the end of the year he earned $30.15 in interest. How much did Mike invest at each rate of interest?

hero (hero):

x + y = 505 .06x + .05y = 30.15

hero (hero):

^Hint

hero (hero):

By the way, x and y represent the different amounts invested

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