SOLUTION: ok i need a little help, I just need the equation if possible, that is where I am having the most trouble, once I have the equation I can usually take it from there. You inves

Algebra ->  Algebra  -> Finance -> SOLUTION: ok i need a little help, I just need the equation if possible, that is where I am having the most trouble, once I have the equation I can usually take it from there. You inves      Log On

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 Algebra in Finance Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Finance Question 246189: ok i need a little help, I just need the equation if possible, that is where I am having the most trouble, once I have the equation I can usually take it from there. You invested \$4000 in two accounts. In the first part of the investment you earned 4% simple interest. on the second part of the investment, you lost 3%. Combining earnings and losses, the annual incomes from these investments was \$55. How much was invest at each rate?Answer by stanbon(57940)   (Show Source): You can put this solution on YOUR website!You invested \$4000 in two accounts. In the first part of the investment you earned 4% simple interest. on the second part of the investment, you lost 3%. Combining earnings and losses, the annual incomes from these investments was \$55. How much was invest at each rate? -------------------------------- With two equations: x + y = 4000 0.04x-0.03y= 55 If you use two equations you solve for x and y. --------------------------- With one equation 0.04x - 0.04(4000-x) = 55 If you use one equation you solve for x and 4000-x. ======================================================== Cheers, Stan H. ============================