Question: The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system

The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate.
Annual Interest Rate 1 Rate 2
1. $500 2% 6%
2. $630 4% 7%

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