SOLUTION: bob has twice as much money invested in a 5% account as he does invested at a 4% account. if his yearly income from the two investments is $287, how much does he have at each rate
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Question 1027301: bob has twice as much money invested in a 5% account as he does invested at a 4% account. if his yearly income from the two investments is $287, how much does he have at each rate ? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! x=amount in 4%
2x=amount in 5%
.04x+.05(2x)=287
.14x=287
x=$2050 @4%, which is $82
2x=$4100 @5%, which is $205
They add to $287
