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April 16, 2014

April 16, 2014

Posted by **Joel** on Wednesday, September 15, 2010 at 12:44pm.

Toshiro Hashimoto invested some money at 4.5% simple interest and $1000 more than four times the amount at 6%. His total annual income for one year from interest on the two investments was $801. How much did he invest at each rate?

- Math -
**Henry**, Friday, September 17, 2010 at 5:27pmX dollars @ 4.5 %

(4x + 1000) dollars @ 6%

0.04x + 0.06(4x + 1000) = 801

0.285x = 801

x = 801/0.285 = $ 2600 @ 4.5%

4x + 1000 = 4 * 2600 + 1000 = $ 11400

@ 6%

9

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