A total of $6500 is invested in two funds. One fund pays 4% interest annually and the other fund pays 6% interest annually. The combined annual interest earned is $350. How much of the $6500 is invested in the fund that pays 4% annual interest? please show me step by step.

Question

A total of $6500 is invested in two funds. One fund pays 4% interest annually and the other fund pays 6% interest annually. The combined annual interest earned is $350. How much of the $6500 is invested in the fund that pays 4% annual interest?  please show me step by step.

anonymous · Answer

.04x + .06y = 350
x + y = 6500

anonymous · Answer

solve by substitution or elimination, you are looking for x

anonymous · Answer

x=$ 2000. Thanks !

anonymous · Answer

uw