document.write( "Question 397756: Bob has %23,000 invested, part at 4% and part at 5.5%. How much is invested at each rate, If his total annual return(invest) is %1,040. \n" ); document.write( "

Algebra.Com's Answer #281867 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi, Previously posted.
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document.write( "Let x and ($23,000-x)represent the amounts invested at 5.5% and 4% respectively
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document.write( "Question states
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document.write( ".055x + .04(23,000-x)= $1,040
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document.write( "solving for x
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document.write( "    .015x + 920 = $1040 
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document.write( "        .015x = 120
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document.write( "            x = $8000, amount invested at 5.5%. $15000 invested at 4% \n" );
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