An executive invests $29,000, some at 8% and some at 4% annual interest. If he receives an annual return of $1,680, how much is invested at each rate?

Answer 1

.08 x + .04(29,000-x) = 1680

Answer 2

an executive invest 29000, some at 7% and some at 5% annual interest. if he receives an annual return of 1,750 how much is invested at each rate?

Answer 3

13000