SOLUTION: A total of $3000 was invested, part of it at 4% per year and the remainder at 6% per year. If the total yearly interest amounted to $140, how much was invested at each rate?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A total of $3000 was invested, part of it at 4% per year and the remainder at 6% per year. If the total yearly interest amounted to $140, how much was invested at each rate?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1045620: A total of $3000 was invested, part of it at 4% per year and the remainder at 6% per year. If the total yearly interest amounted to $140, how much was invested at each rate?
Answer by josgarithmetic(39618) About Me  (Show Source):