SOLUTION: A certain amount of money is invested at 6% per year. A second amount is 5000 larger than the first invested at 8% per year. The interest from the investment at the higher rate exc
Algebra.Com
Question 1151060: A certain amount of money is invested at 6% per year. A second amount is 5000 larger than the first invested at 8% per year. The interest from the investment at the higher rate exceeds the income from the lower investment by 500. Find the investment at each rate.
Answer by ikleyn(52858) (Show Source): You can put this solution on YOUR website!
.
I just solved this problem long time ago. See my solution under this link
https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1111648.html
https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1111648.html
RELATED QUESTIONS
A certain amount of money is invested at 6% per year. A second amount is Php5000 larger... (answered by Theo,ikleyn,TeachMath)
a certain amount of money is invested at 9% per year. a second amount is Php50,000 larger (answered by ikleyn)
Rowan invested a certain amount of money at 5% per year and an amount thrice as large at... (answered by Earlsdon)
Jenny receives $1270 per year from three different investments totaling $20,000. One of... (answered by solver91311)
a certain amount of money is invested at 3% per year, and 1500 more than that amount is... (answered by lwsshak3)
I would really appreciate any feedback( help ) with what I need to do. The problem is a... (answered by scott8148)
George decided to invest a certain amount of money, some at an
annual interest rate of... (answered by greenestamps)
A certain amount is invested at 5 % per year, and Php 7000 less than this amount is... (answered by vicgonzerx)
Ako si lance Pls help me
A certain amount is invested at 5% per year,and Php 7000 less... (answered by stanbon)