anonymous
  • anonymous
Two investments totaling $53,500 produce an annual income of $4030. One investment yields 10% per year, while the other yields 4% per year. How much is invested at each rate?
Algebra
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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whpalmer4
  • whpalmer4
You can express this problem with two equations. Let A be the investment yielding 10%, and B the investment yielding 4%. 1) A + B = 53500 The two investments total $53,500. 2) 10%*A + 4%*B = 4030. The annual income from the investment yielding 10% and the investment yielding 4% is $4030. Solve the system of equations for A and B to get the investment amounts.

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