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college algebra

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an executive invests $29,000 some at 7% and some at 6% annual interest. if he receives an annual return of $1870, how much is invested at each rate?

  • algebra -

    Solve the two simultaneous equiations:

    A + B = 29,000
    0.06A + 0.07 B = 1870

    A is the amount invested at 6%; B is the amount invested at 7%

  • college algebra -

    Find the cost of a home in 20 years, assuming an annual inflation rate of 2%, if the present value of the house is $280,000. (Round your answer to the nearest cent.

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