SOLUTION: Jose has $20,000 to invest. He invests x dollars at 4% and the rest at 4.5% Write an equation for the total amount of money T Jose will have in one year

Algebra ->  Equations -> SOLUTION: Jose has $20,000 to invest. He invests x dollars at 4% and the rest at 4.5% Write an equation for the total amount of money T Jose will have in one year       Log On


   



Question 841911: Jose has $20,000 to invest. He invests x dollars at 4% and the rest at 4.5%
Write an equation for the total amount of money T Jose will have in one year

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 
Hi,
Jose has $20,000 to invest. He invests x dollars at 4% and the rest at 4.5%
Write an equation for the total amount of money T Jose will have in one year
T = $20,000 + .04x + .045($20,000 - x)