SOLUTION: Jerry invested 2500 in a policy that pays 6% annually. How much more money does jerry need to invest at 3%that he gets an invest that is equal to 4% of the entire investment anuall

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Jerry invested 2500 in a policy that pays 6% annually. How much more money does jerry need to invest at 3%that he gets an invest that is equal to 4% of the entire investment anuall      Log On

Let x be "how much more money does jerry need to invest at 3%".


Then your equation is 



    interest  + interest = total interest,   or


    0.06*2500 + 0.03*x   = 0.04*(2500+x)



Simplify and solve it for x.