SOLUTION: 7% interest and 4 times as much at 11%. find the total annual income from if the interest is 7650?
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Question 268458: 7% interest and 4 times as much at 11%. find the total annual income from if the interest is 7650?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
.07X+.11*4X=7,650
.07X+.44X=7,680
.51X=7,650
X=7,650/.51
X=15,000 AMOUNT INVESTED @ 7%.
4815,000=60,000 AMOUNT INVESTED @ 11%.
PROOF:
.07*15,000+.11*60,000=7,650
1,050+6,600=7,650
7,650=7,650
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