Asked by Markevien
Two investments totaling $19,000 produce an annual income of $1560. One investment yields 9% a year, while the other yields 4% per year. How much is invested at each rate?
Answers
Answered by
Steve
If there are $x at 9%,
.09x + .04(19000-x) = 1560
x = 16000
.09x + .04(19000-x) = 1560
x = 16000
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