Ask a New Question

two investments totaling $35,000 produce an annual income of $1395. One investment yields 6% per year, while the other yields 3% per year. How much is invested at each rate?

2 answers

.06x + .03(35000-x) = 1395

x=11,500

Ask a New Question or answer this question.

Similar Questions

Mr. Perez invested half of his money at 7% per year, and half at 8% per year. His annual income from the two investments was
1. 3 answers
Use x = 1 + r, where r is the interest rate paid each year. Write a model polynomial, C(x), to represent the final amount of
1. 1 answer
Question The table shows the annual income of a small theater company. Year 0 1 2 3 4 Income ($) 18,250 18,730 19,210 19,690
1. 1 answer
Use x=1+r, where r is the interest rate paid each year. Write a model polynomial, C(x), to represent the final amount of each of
1. 1 answer

more similar questions