document.write( "Question 405945: An executive invests $22,000, some at 6% and some at 4% annual interest. If he receives an annual return of $1080, how much is invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #286607 by mananth(16946)![]() ![]() You can put this solution on YOUR website! 6% per annum ------ x \n" ); document.write( "4% per annum--------y\r \n" ); document.write( "\n" ); document.write( "x+y =22,000....1\r \n" ); document.write( "\n" ); document.write( "0.06x+0.04y=$1080. \n" ); document.write( "multiply by 100 \n" ); document.write( "6x+4y=108000............(2)\r \n" ); document.write( "\n" ); document.write( "multiply (1)-6 \n" ); document.write( "-6x-6y=-132000 \n" ); document.write( "add to (2) \n" ); document.write( "-2y=-24000 \n" ); document.write( "/2 \n" ); document.write( "y = $12000 ===> at 4% \n" ); document.write( "Balance $10,000 ay 6% \n" ); document.write( " \n" ); document.write( " |