SOLUTION: Roberto invested some money at 2.5% and then invested $3000 more than twice this amount at 3%. His total annual income from the two investments was $1325. Find the amount invested
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Question 1004400: Roberto invested some money at 2.5% and then invested $3000 more than twice this amount at 3%. His total annual income from the two investments was $1325. Find the amount invested at 1.75% Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Roberto invested some money at 2.5% and then invested $3000 more than twice this amount at 3%. His total annual income from the two investments was $1325. Find the amount invested at 1.75%
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Note: No money was invested at 1.75%
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Equation:
0.025x + 0.03(2x+3000) = 1325
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Cheers,
Stan H.
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