SOLUTION: Two investments totaling
$49,500 produce an annual income of $1770. One investment yields
2% per year, while the other yields
4% per year. How much is invested at each rate
Algebra.Com
Question 1007584: Two investments totaling
$49,500 produce an annual income of $1770. One investment yields
2% per year, while the other yields
4% per year. How much is invested at each rate?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
A person has 
currency units invested in 2 accounts.
One account earns 
percent interest, and the other account earns 
percent interest.
The two accounts earn a total of 
interest in one year.
How much is invested in each account?
Let 
be the amount invested at percent. Then the amount invested at percent is 
, and:
\ =\ I)
Solve for , then calculate
John
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
Two investments totaling $47,500 produce an annual income of $3000. One investment... (answered by josgarithmetic)
Two investments totaling $41,500 produce an annual income of $2895. One investment... (answered by josgarithmetic)
Two investments totaling $56,500 produce an annual income of $1835. One investment... (answered by ikleyn,greenestamps)
Two investments totaling $56,500 produce an annual income of $2480. One investment... (answered by richwmiller)
Two investments totaling $17,500 produce an annual income of $775. One investment yields... (answered by macston)
Two investments totaling
$56,000 produce an annual income of $1400. One investment... (answered by ankor@dixie-net.com)
Two investments totaling $38,500 produce an annual income of $2805. One investment... (answered by richwmiller)
Two investments totaling $36000 produce an annual income of $2715. one investment yields... (answered by richwmiller)
Two investments totaling $61,000 produce an annual income of $2375. One investment... (answered by stanbon)