1 2 3 4 5 6 7 8 9 10 In what type of economy does the government try to control all factors of production? A. traditional B. com
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Let the amount invested at 4% be = x
Let the amount invested at 3% be = y
Given is:
or
.... (1)
As, total income for the two investments is $194, so equation is:
....(2)
Putting value of x from (1) in (2)
And x=5200-y
Hence, money invested at 4% is $3800 and money invested at 3% is $1400