SOLUTION: Jerry invested 2500 in a policy that pays 6% annually. How much more money does jerry need to invest at 3%that he gets an invest that is equal to 4% of the entire investment anuall

Question 1126482: Jerry invested 2500 in a policy that pays 6% annually. How much more money does jerry need to invest at 3%that he gets an invest that is equal to 4% of the entire investment anually.
Answer by ikleyn(52863) (Show Source): You can put this solution on YOUR website!
.

Let x be "how much more money does jerry need to invest at 3%".


Then your equation is 



    interest  + interest = total interest,   or


    0.06*2500 + 0.03*x   = 0.04*(2500+x)



Simplify and solve it for x.

RELATED QUESTIONS
Suppose you invest a certain amount of money in an account that pays 6% interest annually (answered by ikleyn)

Nina has a total of $ 2500 to invest. She puts part of it in an investment that pays 6%... (answered by checkley79)

If someone invested 13000.00 and gets 12% interest, how much more money does she need in... (answered by mananth)

Mr. Sable invested $5000 in a mortgage that pays 9% interest annually. He bought bonds... (answered by Earlsdon)

Can you help me solve this problem Please. David has fourteen thousand dollars to invest (answered by stanbon)

A woman has a total of $12,000 to invest. She invests part of the money in an account... (answered by ankor@dixie-net.com,greenestamps)

Please help me, I have been trying to solve this for 2 days. Jerry has just received (answered by ankor@dixie-net.com)

jerry needs to raise his batting average. so far he has 20 hits in 100 times at bat for a (answered by solver91311)

Jerry and Lucy Keefe have $30,000 invested in stocks paying 5%. How much additional money (answered by josmiceli)