Ask Question
27 October, 06:35

Anita's sister invested all of $6000 at 4% and at 6%. If the annual return on the 6% investment is $15 more than the annual return on the 4% investment, find how much is invested at the latter rate.

+5
Answers (1)
  1. 27 October, 07:05
    0
    Equations:

    x (4%)

    y (6%)

    x+y=6000

    0.06y=0.04x+15

    The answer would be 2550, so $2550.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Anita's sister invested all of $6000 at 4% and at 6%. If the annual return on the 6% investment is $15 more than the annual return on the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers