## A total of $8000 is invested in 2 funds paying 4% and 5% annual interest. The combined annual interest is$350. How much of the $8000 is inv Question A total of$8000 is invested in 2 funds paying 4% and 5% annual interest. The combined annual interest is $350. How much of the$8000 is invested in each fund? Please show work!!

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2 days 2021-07-21T21:09:08+00:00 2 Answers 0 views 0

## Answers ( )

1. Answer:

$3000. Step-by-step explanation:$Po invested at 4%.

$(8000-Po) invested at 5% Po*0.04*1 + (8000-Po)*0.05*1 = 350. 0.04Po + 400 – 0.05Po = 350, Po =$5000.

8000-Po = 8000-5000 = $3000. Hope this helps 🙂 -ilovejiminssi♡ 2. Answer:$5000 and $3000 Step-by-step explanation: x = money invested in the first fund y = money invested in the second fund first equation: 0.04x + 0.05y = 350 4x + 5y = 35000 second equation: x + y = 8000 x = 8000 – y Plug in x into the second equation: 4(8000 – y) + 5y = 35000 Solve: 32000 – 4y + 5y = 35000 y = 3000 x = 8000 – y x = 8000 – 3000 x = 5000$5000 and \$3000

Hope this helps!