SOLUTION: A part of $8900 is invested at 6% and the rest at 4%. the annual income from the 4 % exceeds the income from the 6% investment by $74. Find the amount of each investment.
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Question 935634: A part of $8900 is invested at 6% and the rest at 4%. the annual income from the 4 % exceeds the income from the 6% investment by $74. Find the amount of each investment. Answer by dkppathak(439) (Show Source):
You can put this solution on YOUR website! A part of $8900 is invested at 6% and the rest at 4%. the annual income from the 4 % exceeds the income from the 6% investment by $74. Find the amount of each investment.
let $x for 6% and $8900-x at 4%
as per conditions
.4(8900-x)-.6x=74
3560.0 -.4x-.6x=74
3560-1.0x=74
3560-74=x
3486=x
other investment will be 8900-3486= $5414
answer $5414 at 4% and $$3486 at 6%
