SOLUTION: A part of $8900 is invested at 6% and the rest at 4%. the annual income from the 4 % exceeds the income from the 6% investment by $74. Find the amount of each investment.

Question 935634: A part of $8900 is invested at 6% and the rest at 4%. the annual income from the 4 % exceeds the income from the 6% investment by $74. Find the amount of each investment.
Answer by dkppathak(439) (Show Source): You can put this solution on YOUR website!
A part of $8900 is invested at 6% and the rest at 4%. the annual income from the 4 % exceeds the income from the 6% investment by $74. Find the amount of each investment.
let $x for 6% and $8900-x at 4%
as per conditions
.4(8900-x)-.6x=74
3560.0 -.4x-.6x=74
3560-1.0x=74
3560-74=x
3486=x
other investment will be 8900-3486= $5414
answer $5414 at 4% and $$3486 at 6%
RELATED QUESTIONS
The sum of $4000 is invested, part at 4% and the rest at 6%. The annual income from the... (answered by greenestamps)

A man invested part of 10,000 @ 6% and the rest @ 7%. The annual income from the 7% was... (answered by fractalier)

A man invested part of $10,000 at 6% and rest at 7%. The annual income from 7% invested... (answered by stanbon)

Moa invested $80000,part at 4% and the rest at 2%.Find the amount invested at each rate... (answered by mananth)

A retired couple invested part of $11,400 at 6% interest and the rest at 7.5%. If their... (answered by stanbon)

a man invested $25,000, part of it was invested at 3% and the rest at 4%. the total... (answered by checkley77)

Here is the question: A man has $8000 invested, part at 4% and the rest at 2.5%. The... (answered by ewatrrr)

A total of $2200 is invested, part at 5% and the rest at 3%. The annual income from the... (answered by ikleyn)