SOLUTION: Two investments totaling $47,500 produce an anual income of $2,395. One investment yields 5%, while the other yields 7% per year. How much is invested at each rate? I just hav

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Two investments totaling $47,500 produce an anual income of $2,395. One investment yields 5%, while the other yields 7% per year. How much is invested at each rate? I just hav      Log On


   

Question 403468: Two investments totaling $47,500 produce an anual income of $2,395. One investment yields 5%, while the other yields 7% per year. How much is invested at each rate?
I just have trouble telling what goes where and what formula to use. Thank you.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
0.05x+0.07(47500-x)=2395
Can you work it from here?
Bob