SOLUTION: Bertha has $2400 more invested at 4% than she has at 5%. If her annual income from these two investments is $294, how much does she have invested at each rate?
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Bertha has $2400 more invested at 4% than she has at 5%. If her annual income from these two investments is $294, how much does she have invested at each rate?
Log On
Question 1075534: Bertha has $2400 more invested at 4% than she has at 5%. If her annual income from these two investments is $294, how much does she have invested at each rate? Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! Bertha has $2400 more invested at 4% than she has at 5%. If her annual income from these two investments is $294, how much does she have invested at each rate?
-------
x at 5%
---
0.05x + 0.04(x+2400) = 294