SOLUTION: Investing 20000 part at 4% and part at 6%.If the annual income from investments was equal how much was invested at each rate
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Question 401813
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Investing 20000 part at 4% and part at 6%.If the annual income from investments was equal how much was invested at each rate
Answer by
rfer(16322)
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0.04x=0.06(20000-x)
0.04x=1200-0.06x
0.1x=1200
x=12000 at 4%
20000-x=8000 at 6%