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Mathematics 24 Online
OpenStudy (anonymous):

Last year Edward had $3,500 to invest in two savings accounts. One account earns 5% simple annual interest, and the other account earns 7% simple annual interest. At the end of the year, Edward had earned a total of $215 in interest from the two savings accounts. Part A Write a system of two equations that could be used to find the amount of money invested in each account. Let x represent the amount invested at 5%, and let y represent the amount invested at 7%. Part B Solve the system of equations. How much did Edward have invested at each rate?

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