Systems of Equations and Word Problems
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1. A total of $25,000 is invested in two funds paying 8% and 14% simple interest. The total yearly interest is $29,000. How much of the $25,000 is invested at each rate?
2. Solve the system by elimination
3x - y = 17
5x+5y = -5
3x + 2y = 10
2x+5y = 3
You are the manager of a theater. Sunday morning you go over ticket sales for Friday evening. 740 tickets were sold Friday. Adults $8.50 & child = $4.00/ticket. Total receipts were $4,688. How many of each type of ticket was sold? Explain.
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This solution shows the steps for solving a systems of equations in terms of word problems are solved. This solution is also formatted in an attached Word document.
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1. Let x be the amount for 8% and y be the one for 14%, then
X * 8% + y * 14% = 29000 (1)
X + y = ...
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