SOLUTION: You have ​$15,000 to​ invest, part at 6% and the rest at 8%. If x is the amount invested at 6%​, write an algebraic expression that represents the total annual in

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: You have ​$15,000 to​ invest, part at 6% and the rest at 8%. If x is the amount invested at 6%​, write an algebraic expression that represents the total annual in      Log On

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Question 1110130: You have ​$15,000 to​ invest, part at 6% and the rest at 8%. If x is the amount invested at 6%​, write an algebraic expression that represents the total annual income from both investments. Simplify the expression.
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
You have $15000 to invest. If x is invested at 6%, then the amount invested at 8% would be (15000-x). Then the total income from both investments would be:
.06(x)+.08(15000-x)
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