SOLUTION: shiela invests part of part of$6000 at 6% interest and the other part at 11% interest. Her total annual income from these investments is $460. How much is investes at each rate?
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Question 231290: shiela invests part of part of$6000 at 6% interest and the other part at 11% interest. Her total annual income from these investments is $460. How much is investes at each rate?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
.06x+.11(6000-x)=460
.06x+660-.11x=460
-.05x=-200
x=$4000 at 6%
$2000 at 11%
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