Saturday

December 20, 2014

December 20, 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

**Answer this Question**

**Related Questions**

Math - melissa invested a some of money at 3% annual simple inter she invested ...

computer science - When $1000 is deposit at 5% simple interest, the amount grows...

math - Two investments earn a total annual income of $2825. One investment is in...

algebra - Larry Mitchel invested part of his $32,000 advance at 7% annual simple...

Visual Basic 2008 Programming - Help! I'm not sure how to start or how calculate...

Algebra - I invested $42,000 in three funds paying 5%, 7%, and 9% simple ...

algebra - A total of $6200 is deposited into two simple interest accounts. On ...

Math - An investment advisor invested a total of $12,000, part at 2.5% annual ...

algebra - James invested some money at 12% interest. James also invested $188 ...

Math - An investment adviser invested $14,000 in two accounts. One investment ...