Lou invested $10,000, putting part of it at 5% interest and the rest at 6% interest. His total income from these investments was $575. 🤔 Can you figure out how much he invested at each rate? This classic investment word problem is a must-know for algebra and real-world finance applications! Watch as I break it down step by step using systems of equations to find the correct answer.
📌 What You'll Learn:
✔️ How to set up and solve an investment word problem
✔️ Writing and solving systems of equations
✔️ Using substitution or elimination to find the answer
✔️ Common mistakes to avoid in finance-related math problems
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