8
Answer: CSet 15: Systems of Equations
Explanation
Maria invests $10,000 split between two accounts. One earns 3% annually, the other 7% annually. After one year, total interest is $540. How much was invested at 7%?
A.
\5,000$
B.
\5,500$
C.✓ Correct
\6,000$
D.
\6,500$
Detailed Explanation
Choice C is correct. Choice C is the correct answer. Let = amount at 3% and = amount at 7%. System: Step 1: From first: Step 2: Substitute: 0.03(10000 - y) + 0.07 y = 540$300- 0.03 y + 0.07 y = 5400.04y = 240y = 6000$$ Solution: \6,000 at 7% Verification: ✓ Strategic Tip: Interest = Principal × Rate × Time. Other choices fail verification.
Key Steps:
•
The correct answer is \6,000$
Why others are wrong:
A: Choice A is incorrect and may result from a calculation error.
B: Choice B is incorrect and may result from a calculation error.
D: Choice D is incorrect and may result from a calculation error.
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