Answer:
31000 dollars were invested at 4% interest rate.
16000 dollars were invested at 5% interest rate.
Step-by-step explanation:
Convert the interest rate into decimal and then write down two equations to solve for the unknowns.
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The solution of the equation is y = 3.
<h3>What is the linear equation?</h3>An equation between two variables that gives a straight line when plotted on a graph.
The solution to the equation is;
Hence, the solution of the equation is y = 3.
To know more about linear equations click the link given below.