SOLUTION: mr.henry decided to invest money earned from selling some land.he invested 5000$ of the money at an annual rate of 4% and the rest of the money,x,at an annual rate of 6.26% .which

Algebra ->  Finance -> SOLUTION: mr.henry decided to invest money earned from selling some land.he invested 5000$ of the money at an annual rate of 4% and the rest of the money,x,at an annual rate of 6.26% .which       Log On


   



Question 1085613: mr.henry decided to invest money earned from selling some land.he invested 5000$ of the money at an annual rate of 4% and the rest of the money,x,at an annual rate of 6.26% .which equation describes y,the total amount of interest earned from both investment during the first year?

Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
y = 0.04(5000)+0.0626x