SOLUTION: a man spends 8% twice the intended amount to 5%. their total annual income from the two investments is 840 how much invested in each rate?

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Question 897704: a man spends 8% twice the intended amount to 5%. their total annual income from the two investments is 840 how much invested in each rate?
Answer by lwsshak3(11628) About Me  (Show Source):
You can put this solution on YOUR website!
a man spends 8% twice the intended amount to 5%. their total annual income from the two investments is 840 how much invested in each rate?
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let x=amt invested at 5%
2x=amt invested at 8%
5%x+8%*2x=840
.05x+.16x=840
.21x=840
x=4000
2x=8000
amt invested at 5%=4000
amt invested at 8%=8000