A man has $2,000 to invest, part at 7% and the remainder at 4%. He wishes an income of $125 per year from his money. How much he did he invest at each rate?
A man has $2,000 to invest, part at 7% and the remainder at 4%. He wishes an income of $125 per year from his money. How much he did he invest at each rate?
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Step-by-step explanation:
inetially he put x at 7 percent let then
x*107/100+(2000-x)*104/100 equL to 125