Asked by cole

Two investments totaling $23,500 produce an annual income of $795. One investment yields 2% per year, while the other yields 7% per year. How much is invested at each rate?
Answered by Steve
if x is at 2%, then the rest (23500-x) is at 7%. So, add up the interest:

.02x + .07(23500-x) = 795
Answered by ryan
Two investments totaling $23,500 produce an annual income of $795. One investment yields 2% per year, while the other yields 7% per year. How much is invested at each rate?
There are no AI answers yet. The ability to request AI answers is coming soon!