# algebra

posted by .

suppose you invest \$15,000 in two funds paying 11 1/2% and 14% simple interest.
the total annual interest is \$1950. how much is invested in each fund?

• algebra -

Let we invest \$X in 1st fund, then
0.115X+0.14(15000-X)=1950
0.115X+2100-0.14X=1950
150=0.025X
X=6000

## Similar Questions

1. ### Math

a total of \$ 14,000 is invested in two funds paying 4% and 5% annual interest. The combined interest is \$620 a)write a system of equations to model this problem b). graph this system and use the graph to estimate how much was invested …
2. ### Algebra

I invested \$42,000 in three funds paying 5%, 7%, and 9% simple interest. The total annual interest from these investments was \$2,600. The amount of money invested at 5% was \$200 less than the amount invested at 7% and 9% combined. …
3. ### college algebra

suppose you invest \$15,000 in two funds paying 11 1/2%and 14% simple interest. the total annual interest is \$1950. how much is invested in each fund?
4. ### College Algebra

You plan to invest \$12,000 in two funds paying 41/2% and 5% simple interest. (There is more risk in the 5% fund.) Your goal is to obtain a total annual interest income of \$580 from the investment. What is the smallest amount you can …
5. ### algebra

A total of \$12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is \$1,180, how much of the \$12,000 is invested at each rate?
6. ### Math Algebra1A

A total of \$12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is \$1,180, how much of the \$12,000 is invested at each rate?
7. ### Algebra

Ramona divided his 35,000 inheritance between two investments, one paying 9% and the other 12% simple interest. is total annual income on the interest alone was 3,000. How much did he invest at 9%?
8. ### Math

A total of 10,000 is invested into two funds paying 7.5% and 9% simple interest. The combined annual income for the two funds is \$849. Determine how much is invested at each rate
9. ### algebra

A total of \$80,000 is invested in two funds paying 2.3% and 3.1% simple interest . The total annual interest is \$2000. How much is invested in each fund?
10. ### Algebra 2

Aimee inherited \$15,000. She chose to invest it in a series of municipal bonds, mutual funds, and money market accounts, which paid annual interest rates of 5%, 6%, and 4%, respectively. She invested \$2,000 more in mutual funds than …

More Similar Questions