If x is invested at 2%, then
.02x + .04(49500-x) = 1770
Two investments totaling
$49,500 produce an annual income of
$1770.
One investment yields
2% per year, while the other yields
4% per year. How much is invested at each rate?
2 answers
On two investments totaling $7,500
$
7
,
500
, Kevin lost 2%
2
%
on one and earned 6%
6
%
on the other. If his net annual receipts were $348
$
348
, how much was each investment?
$
7
,
500
, Kevin lost 2%
2
%
on one and earned 6%
6
%
on the other. If his net annual receipts were $348
$
348
, how much was each investment?
3 answers