SOLUTION: Here is the question:
A man has $8000 invested, part at 4% and the rest at 2.5%. The annual income from the 4% investment is $34 more than that from the 2.5% investment. How muc
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A man has $8000 invested, part at 4% and the rest at 2.5%. The annual income from the 4% investment is $34 more than that from the 2.5% investment. How muc
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Question 1047906: Here is the question:
A man has $8000 invested, part at 4% and the rest at 2.5%. The annual income from the 4% investment is $34 more than that from the 2.5% investment. How much is invested at 4%? Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! x, How much is invested at 4%.
.04x - 34 = .025(8000 - x)
.065x = 234
x = 234/.06 = $3600, How much is invested at 4%.
