SOLUTION: A certain amount of money is invested at 6% per year. A second amount is 5000 larger than the first invested at 8% per year. The interest from the investment at the higher rate exc
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: A certain amount of money is invested at 6% per year. A second amount is 5000 larger than the first invested at 8% per year. The interest from the investment at the higher rate exc
Log On
Question 1151060: A certain amount of money is invested at 6% per year. A second amount is 5000 larger than the first invested at 8% per year. The interest from the investment at the higher rate exceeds the income from the lower investment by 500. Find the investment at each rate. Answer by ikleyn(52858) (Show Source):
