SOLUTION: An actor invests some money at 9%, and $40000 more than four times the amount at 11%. The total annual interest earned from the investment is $63230. How much did he invest at each

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Question 1118433: An actor invests some money at 9%, and $40000 more than four times the amount at 11%. The total annual interest earned from the investment is $63230. How much did he invest at each amount?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Let represent the amount invested at 9%, then the amount invested at 11% must be , hence:



Solve for and then calculate

John

My calculator said it, I believe it, that settles it