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7. Fund A is invested at an effective annual interest rate of 2.5%. Fund B is invested at an effective annual interest rate of 2%.At
7. Fund A is invested at an effective annual interest rate of 2.5%. Fund B is invested at an effective annual interest rate of 2%.At the end of 24 years, the total in the two funds is 16,000. At the end of 36 years, the amount in Fund A is twice the amount in Fund B. Calculate the total in the two funds at the end of 8 years. (Hint: setup an equation system for A and B]
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