A total of $4500 is invested in two funds paying 4% and 5% annual interest. The combined annual interest is $210. How much of the $4500 is invested in each fund?
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A total of $4500 is invested in two funds paying 4% and 5% annual interest. The combined annual interest is $210. How much of the $4500 is invested in each fund?
Suppose x amount of $4500 gets 4% interest and the remaining y amount gets 5%.
Then we get two equations in two variables as
x+y=4500 and 4x+5y=21000
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