SOLUTION: Part of $5000 is invested at 4% and the rest at 5%. The annual interest on the 5% was $124.00 more than the interest on the 4% investment. How much was invested at each rate?
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Part of $5000 is invested at 4% and the rest at 5%. The annual interest on the 5% was $124.00 more than the interest on the 4% investment. How much was invested at each rate?
Log On
Question 96891: Part of $5000 is invested at 4% and the rest at 5%. The annual interest on the 5% was $124.00 more than the interest on the 4% investment. How much was invested at each rate?
Not from a text book, this was a handed out assignment. Answer by scott8148(6628) (Show Source):
