document.write( "Question 970501: Two investments totaling $32,500 produce an annual income of $1540. One investment yields 7% per year, while the other yields 4% per year. How much is invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #593364 by lwsshak3(11628) ![]() You can put this solution on YOUR website! Two investments totaling $32,500 produce an annual income of $1540. One investment yields 7% per year, while the other yields 4% per year. How much is invested at each rate? \n" ); document.write( "*** \n" ); document.write( "let x=amt invested at 7% rate \n" ); document.write( "32500-x=amt invested at 4% rate \n" ); document.write( ".. \n" ); document.write( "7%x+4%(32500-x)=1540 \n" ); document.write( ".07x+1300-.04x=1540 \n" ); document.write( ".03x=240 \n" ); document.write( "x=8000 \n" ); document.write( "32500-x=24500 \n" ); document.write( "amt invested at 7% rate=$8,000 \n" ); document.write( "amt invested at 4% rate=$24,500 \n" ); document.write( " |