SOLUTION: Two investments totaling $41,500 produce an annual income of $2895. One investment yields 9% per year, while the other yields 5% per year. How much is invested at each rate?
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Question 1181110: Two investments totaling $41,500 produce an annual income of $2895. One investment yields 9% per year, while the other yields 5% per year. How much is invested at each rate? Answer by josgarithmetic(39620) (Show Source):
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Two investments totaling $41,500 produce an annual income of $2895.
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Compounding? Reinvestment every year?
You are probably looking for something like this:
h invested at 9%
41500-h invested at 5%
(