SOLUTION: Two investments totaling $49,500 produce an annual income of $1770. One investment yields 2% per year, while the other yields 4% per year. How much is invested at each rate

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Question 1007584: Two investments totaling
$49,500 produce an annual income of $1770. One investment yields
2% per year, while the other yields
4% per year. How much is invested at each rate?

Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


A person has currency units invested in 2 accounts.

One account earns percent interest, and the other account earns percent interest.

The two accounts earn a total of interest in one year.

How much is invested in each account?

Let be the amount invested at percent. Then the amount invested at percent is , and:



Solve for , then calculate

John

My calculator said it, I believe it, that settles it