SOLUTION: A total of $20,000 is invested in two funds paying 6% and 8% annual interest. The combined annual interest is $630. How much of the $20,000 is invested in each fund?
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Question 878762: A total of $20,000 is invested in two funds paying 6% and 8% annual interest. The combined annual interest is $630. How much of the $20,000 is invested in each fund?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
.08x + .06(20000-x) = 630
Check the 630 for correctness
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