True/False

A corporate treasurer is allocating 50,000 dollars in surplus funds between a stock fund (ss) earning 7%{}7\% annual interest and a savings account (vv) earning 2%{}2\% annual interest. To reach a specific interest goal, the treasurer uses the following system of equations:

s+v=50,000s + v = 50{,}000 0.07s+0.02v=3,100{}0.07s + 0.02v = 3{,}100

True or False: In this system, the equation s+v=50,000s + v = 50{,}000 represents the total interest earned from the two accounts.

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Updated 2026-05-23

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