SOLUTION: An investor invests some money that pays 5% simple interest. He invests $1200 less than that amount at 4% simple interest. Find the amount invested at 4% if the total annual inco

Algebra ->  Radicals -> SOLUTION: An investor invests some money that pays 5% simple interest. He invests $1200 less than that amount at 4% simple interest. Find the amount invested at 4% if the total annual inco      Log On


   



Question 816047: An investor invests some money that pays 5% simple interest.
He invests $1200 less than that amount at 4% simple interest.
Find the amount invested at 4% if the total annual income is $267.
chose from
a. $1763
b. $3500
c. $2300
d. $5800

Answer by mananth(16946) About Me  (Show Source):