SOLUTION: Roberto invested some money at 7%, and then investes $5000 more than twice this amount at 11%. His total annual income from the two investments was $3450. How much was invested at
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Question 64818: Roberto invested some money at 7%, and then investes $5000 more than twice this amount at 11%. His total annual income from the two investments was $3450. How much was invested at 11%? Answer by checkley71(8403) (Show Source):
You can put this solution on YOUR website! .07x+.11(2x+5000)=3450
.07x+.22x+550=3450
.29x=3450-550
.29x=2900
x=2900/.29
x=10000 amount invested @ 7%
2*10000+5000=20000+5000=25000 amount invested @ 11%
proof
.07*10000+.11*25000=3450
700+2750=3450
3450=3450
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