Question 1163062
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A formal algebraic setup for solving the problem....<br>
x = amount at 4%
6000-x = amount at 1%<br>
The average return on the $6000 was 2%:<br>
{{{.04(x)+.01(6000-x) = .02(6000)}}}<br>
Solve using basic algebra (I leave that to you)....<br>
A quick and easy solution method, using logical reasoning and a bit of mental arithmetic....<br>
The average return of 2% is "twice as close to 1% as it is to 4%".  That means the amount invested at 1% was twice the amount invested at 4%.<br>
ANSWER: $4000 at 1%; $2000 at 4%<br>
CHECK:
.01(4000)+.04(2000) = 40+80 = 120
.02(6000) = 120<br>
Or here is a variation of this easy method, thinking a bit differently....<br>
The average return of 2% is 1/3 of the way from 1% to 4% (picture the three percentages on a number line). Therefore, 1/3 of the total was invested at 4%.<br>
ANSWER: 1/3 of the total $6000, or $2000, at 4%; the rest at 1%.<br>