SOLUTION: A man has two investments, one paying 3% annual interest and the and the other 4%. The total annual income from the investment is $170. If the interest rates were interchanged, the
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Question 634531: A man has two investments, one paying 3% annual interest and the and the other 4%. The total annual income from the investment is $170. If the interest rates were interchanged, the total annual income would be $180. find the amount of each investment.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.03x+.04y=170;
.04x+.03y=180
x=3000 y=2000
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