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PrecalculusChallengeSystems, Matrices, and Determinants

Systems, Matrices, and Determinants · Challenge problem

Elena invests $12,000\$12{,}000 in three funds paying 4%4\%, 6%6\%, and 9%9\% simple annual interest. After one year the total interest is $780\$780, and the amount in the 9%9\% fund is $1000\$1000 more than the amount in the 4%4\% fund. Find the amount invested in the 6%6\% fund.