A total of $11,000 was invested. Part of the $11,000 was invested at 4% and the rest invested at 7%. If the investments earn $680 per year, how much was invested at each rate?

Question

A total of $11,000 was invested.  Part of the $11,000 was invested at 4% and the rest invested at 7%.  If the investments earn $680 per year, how much was invested at each rate?

TutorCat · Answer

(x)(.04)+(11000-x)(.07)=680 where x=the amount of money invested at 4% and 11000-x = the rest of the 11000 invested at 7%

Anonymous · Answer

4800

Anonymous · Answer

A total of $11,000 was invested .Part of the $11,000 was invested at 4 percent and the rest was invested 7percent if the investment earn $680 per year how much was invested at each rate?