# SOLUTION: Mr.Euveja has a total amount of 25,000.He invested this in 2 funds {(Bank A paying 6%)&(Bank B paying 8%) both as annual interest. The combined annual interest is 1,800. HOW MUCH

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Mr.Euveja has a total amount of 25,000.He invested this in 2 funds {(Bank A paying 6%)&(Bank B paying 8%) both as annual interest. The combined annual interest is 1,800. HOW MUCH      Log On

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 Question 518901: Mr.Euveja has a total amount of 25,000.He invested this in 2 funds {(Bank A paying 6%)&(Bank B paying 8%) both as annual interest. The combined annual interest is 1,800. HOW MUCH OF THE 25,000 IS INVESTED INEACH FUND??? Answer by mananth(13127)   (Show Source): You can put this solution on YOUR website!Investment A 6.00% per annum ---x Investment B 8.00% per annum ---y x + y= 25000 ------------------------1 6.00% x + 8.00% y= = \$1,800.00 Multiply by 100 6 x + 8 y= = \$180,000.00 --------2 Multiply (1) by -6 we get -6 x -6 y= = -150000.00 Add this to (2) 0 x 2 y= = \$30,000.00 divide by 2 y = \$15,000.00 investment at 8.00% Balance \$10,000.00 investment at 6.00% CHECK \$10,000.00 --------- 6.00% ------- \$600.00 \$15,000.00 ------- 8.00% ------- \$1,200.00 Total -------- -------------- \$1,800.00 m.ananth@hotmail.ca