document.write( "Question 372164: you plan to invest $40,000 in two funds paying 4.5% and 6% simple interest. your goal is to obtain a total annual interest income of $2265. how much must you invest in each fund? \n" ); document.write( "
Algebra.Com's Answer #265149 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! 0.045x+0.06(40000-x)=2265 \n" ); document.write( "0.045x+2400-0.06x=2265 \n" ); document.write( "-0.015x=-135 \n" ); document.write( "x=9000 at 0.045 \n" ); document.write( "40000-x=31000 at 0.06 \n" ); document.write( " |