SOLUTION: Leslie invested $3000 at 6% per year. How much should she invest at 9% per year so that the annual income from the two investments is 8%.

SOLUTION: Leslie invested $3000 at 6% per year. How much should she invest at 9% per year so that the annual income from the two investments is 8%.

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Question 465841: Leslie invested $3000 at 6% per year. How much should she invest at 9% per year so that the annual income from the two investments is 8%.
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
3000(.06)+m(.09)=.08(3000+m)
180+.09m=240+.08m
.01m=60
m=60/.01=6000
Leslie needs $6000 at 9% a year to reach her goal..
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