SOLUTION: Part of $5000 is invested at 4% and the rest at 5%. The annual interest on the 5% was $124.00 more than the interest on the 4% investment. How much was invested at each rate?

SOLUTION: Part of $5000 is invested at 4% and the rest at 5%. The annual interest on the 5% was $124.00 more than the interest on the 4% investment. How much was invested at each rate?

Algebra.Com

Question 96891: Part of $5000 is invested at 4% and the rest at 5%. The annual interest on the 5% was $124.00 more than the interest on the 4% investment. How much was invested at each rate?
Not from a text book, this was a handed out assignment.
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
x(4%)+(5000-x)(5%)=x(4%)+(x(4%)+124)

.04x+250-.05x=.08x+124 ... 126=.09x ... 1400=x ... 3600=5000-x
RELATED QUESTIONS
$10,000 is invested, part at 4% and the rest at 5% interest. The annual interest from the (answered by MathLover1)

A bank loaned out $19,500, part of it at the rate of 4% annual interest, and the rest at... (answered by ikleyn,greenestamps)

I'ts been a while since I've solved these kinds of questions (ok 20+ years!) so I need a... (answered by ankor@dixie-net.com,MathTherapy)

Larry Mitchell invested part of his $22,000 advance at 5% annual simple interest and the... (answered by addingup)

Nestor invested 5000 pesos, part of it at 3% and the rest at 5% simple interest. If the... (answered by mananth)

Egbert invested $5,000 for one year, part at 9% annual interest and the rest at 12%... (answered by mananth)

What is the mathematical expression of this. The total interest earned after one year... (answered by Alan3354,ikleyn)

One year, Don invested a total of $40,000, part at 4%, part at 5%, and the rest at 5.5%.... (answered by MathTherapy)

larry invested part of his 29000 advance at 4% annual simple interest and the rest at 5 % (answered by mananth)