Find the System of Equations to Model the Problem

question 112

Essay

Find the system of equations to model the problem. DO NOT SOLVE THIS SYSTEM.
-If $9,000 is to be invested, part at 13% and the rest at 8% simple interest, how much should be invested at each
rate so that the total annual return will be the same as $9,000 invested at 9%? Set up a system of linear
equations, letting x1 be the amount invested at 13% and t 13% and be the amount invested at 8%.

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Definitions:

Standing-room-only Close

A sales tactic implying limited availability or space to pressure a decision, suggesting that immediate action is needed or an opportunity will be missed.

Closing Purpose

The primary goal of concluding a sale or negotiation, typically involving securing agreement or commitment from the other party.

Summary-of-benefits Close

A sales technique that highlights the advantages or positive outcomes of a product or service, leading to a close.

Alternative-choice Close

A sales technique where the customer is given a choice between two options, both leading to a sale, making it easier for them to make a decision without feeling pressured.