SOLUTION: Last year your town invested a total of $25,000 into two separate funds. The return on one fund was 4% and the return on the other was 6%. If the town earned a total of $1,300 inte
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Question 675060: Last year your town invested a total of $25,000 into two separate funds. The return on one fund was 4% and the return on the other was 6%. If the town earned a total of $1,300 interest, how much money was invested in each fund? Answer by sachi(548) (Show Source):
You can put this solution on YOUR website! let $x is invested at 4% and $(25000-x)is it at 6%
so the total yield is
4x/100+6(25000-x)/100=1300
or 4x+150000-6x=130000 multiplyig 100 on both sides
or 2x=20000
or x=10000
so $10000 is invested at 4% and $15000 is it at 6%
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