SOLUTION: A total of $2,600 is invested at 6% and 4% annual interest. After 1 year the total interest equals $134. How much money is invested at each interest rate?

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Question 621435: A total of $2,600 is invested at 6% and
4% annual interest. After 1 year the total interest
equals $134. How much money is invested at each
interest rate?
Answer by ankor@dixie-net.com(15623) About Me  (Show Source):
You can put this solution on YOUR website!
A total of $2,600 is invested at 6% and 4% annual interest.
After 1 year the total interest equals $134.
How much money is invested at each interest rate?
:
let x = amt invested at 6%
It says the total is $2600, therefore:
(2600-x) = amt invested at 4%
:
A total interest equation, (in decimals)
.06x + .04(2600-x) = 134
Solve for x