SOLUTION: You have two investments. One earns 5%, the other 3%. If you have $10,000 invested and earn $475, how much is invested at 5%?

SOLUTION: You have two investments. One earns 5%, the other 3%. If you have $10,000 invested and earn $475, how much is invested at 5%?

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Question 1053337: You have two investments. One earns 5%, the other 3%. If you have $10,000 invested and earn $475, how much is invested at 5%?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
x amount invested at 5%
Decimal form used for Arithmetic purposes:
.05x + .03($10,000-x) = $475
x = 175/.02 = $8,750 invested at 5%
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