SOLUTION: if 4100 is invested at 5% annual simple interest how much should be invested at 8% annual simple interest so that the total yearly income from both investments is $485

SOLUTION: if 4100 is invested at 5% annual simple interest how much should be invested at 8% annual simple interest so that the total yearly income from both investments is $485

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Question 909951: if 4100 is invested at 5% annual simple interest how much should be invested at 8% annual simple interest so that the total yearly income from both investments is $485
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
x amount at 8%
.08x + .05(4100 - x) = 485
x = 280/.03, amount at 8%
amt at 5%
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