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Maria has a total of $12,000 invested in two funds. the first fund pays simple interest at 6% per year and the other pays simple interest at 7% per year. if the funds earn a combined $817 in interest in one year, how much does she have invested in each fund?

Sagot :

Answer:

let a = 1st , and b = other

a + b = 12000

.06 a + .07 b = 817

Explanation:

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