SOLUTION: a man invested some money at 5.5% and $2000 less than twice this amount at 4%. his total annual income from the interest was 257.50. how much was invested at each rate

SOLUTION: a man invested some money at 5.5% and $2000 less than twice this amount at 4%. his total annual income from the interest was 257.50. how much was invested at each rate

Algebra.Com

Question 904257: a man invested some money at 5.5% and $2000 less than twice this amount at 4%. his total annual income from the interest was 257.50. how much was invested at each rate
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.055x+.04(2x-2000)=257.50

RELATED QUESTIONS
Roberto invested some money at 7%,and the invested $2000 more than twice this amount at... (answered by checkley77)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount... (answered by Nate)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount at (answered by checkley71)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount at (answered by SHUgrad05)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount at (answered by ankor@dixie-net.com)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount at (answered by mananth,checkley77)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount at (answered by checkley77)

Roberto invested some money at 8%, and then invested $2000 more than twice this amount at (answered by dragonwalker)

Roberto invested some money at 8%, and then invested $2000 more than twice this amount at (answered by scott8148)