SOLUTION: If $1500 is invested at 2% interest, how much money must be invested at 4% so that the total return for both investments is $100?

SOLUTION: If $1500 is invested at 2% interest, how much money must be invested at 4% so that the total return for both investments is $100?

Algebra.Com

Question 945954: If $1500 is invested at 2% interest, how much money
must be invested at 4% so that the total return for both
investments is $100?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

-------------------

$1,750 must be invested at 4%

RELATED QUESTIONS
If $1,000 is invested at 4% interest, how much money must be invested at 11% interest so... (answered by checkley77)

If $2,000 is invested at 8% interest, how much money must be invested at 11% interest so... (answered by lwsshak3)

If 500 is invested at 6% interest, how much additional money must be invested at 9% so... (answered by checkley77)

if $2500 is invested at 2% interest, how much money must be invested at 7% so that the... (answered by jim_thompson5910)

If $2000 is invested at 8% interest, how much must be invested at 11% interest so that... (answered by mananth)

I know that I=prt but I have no idea where to start with this word problem. If $2000 is... (answered by josmiceli)

$5,000 is invested at 3% interest. How much money must be invested at 5% interest so that (answered by stanbon)

$4,000 is invested at 3% interest. How much money must be invested at 5% interest so that (answered by stanbon,Cromlix)

IF 14000 is invested at 10% simple annual interest, how much should be invested at 12%... (answered by Nate)