document.write( "Question 675060: Last year your town invested a total of $25,000 into two separate funds. The return on one fund was 4% and the return on the other was 6%. If the town earned a total of $1,300 interest, how much money was invested in each fund? \n" ); document.write( "
Algebra.Com's Answer #419581 by sachi(548)![]() ![]() You can put this solution on YOUR website! let $x is invested at 4% and $(25000-x)is it at 6% \n" ); document.write( " so the total yield is \n" ); document.write( " 4x/100+6(25000-x)/100=1300 \n" ); document.write( " or 4x+150000-6x=130000 multiplyig 100 on both sides \n" ); document.write( " or 2x=20000 \n" ); document.write( " or x=10000 \n" ); document.write( " so $10000 is invested at 4% and $15000 is it at 6% \n" ); document.write( " ans \n" ); document.write( " |