Question 863264
.05X+.04(12,000-X)=560
.05X+480-.04X=560
.01X=560-480
.01X=80
X=80/.01
X=$8,000 AMOUNT INVESTED @ 5%.
12,000-8,000=$4,000 AMOUNT INVESTED @ 4%.
PROOF:
.05*8,000+.04*4,000=560
400+160=560
560=560