document.write( "Question 1075133: The Jones Family invested $1,200 more at 4% than at 7% in a low risk hedge fund, but the\r
\n" ); document.write( "\n" ); document.write( "income from each investment was the same. How much was invested at each rate?
\n" ); document.write( "

Algebra.Com's Answer #689818 by addingup(3677)\"\" \"About 
You can put this solution on YOUR website!
0.07x = 0.04(x+1200)
\n" ); document.write( "0.07x = 0.04x+48
\n" ); document.write( "0.03x = 48
\n" ); document.write( "x = 1600
\n" ); document.write( "So, 1600 is invested at 7% and 1600+1200 = 2800 at 4%
\n" ); document.write( "-----------------------
\n" ); document.write( "Check - The income from each was the same:
\n" ); document.write( "0.07(1600) = 112
\n" ); document.write( "0.04(2800) = 112
\n" ); document.write( ":
\n" ); document.write( "Happy learning,
\n" ); document.write( "John
\n" ); document.write( "
\n" );