SOLUTION: a man has $34,000 to invest. He invests some at 5%, the balance at 4%. his annual investment interest income is $1,545. how much does he invest at each rate?

Question 266486: a man has $34,000 to invest. He invests some at 5%, the balance at 4%. his annual investment interest income is $1,545. how much does he invest at each rate?
Answer by JBarnum(2146) (Show Source): You can put this solution on YOUR website!
A+B=34000
.05A+.04B=1545

investment at 4%
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investment at 5%
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Check

correct
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