SOLUTION: Barney and George invested the same amount into two funds. Barney earned 4% and Fred earned 2%. If they earned $420 together. how much did they each invest? What formula would I

Algebra ->  Finance -> SOLUTION: Barney and George invested the same amount into two funds. Barney earned 4% and Fred earned 2%. If they earned $420 together. how much did they each invest? What formula would I      Log On


   



Question 751465: Barney and George invested the same amount into two funds. Barney earned 4% and Fred earned 2%. If they earned $420 together. how much did they each invest?
What formula would I use to solve this?

Answer by reviewermath(1029) About Me  (Show Source):
You can put this solution on YOUR website!
Let x = amount they invested
0.04x + 0.02x = 420
0.06x = 420
x = 420/0.06 = 7000
Answer: $highlight%287000%29 each