Question

Bertha has $2400 more invested at 4% than she has at 5%. If her annual income from these two investments is $294, how much does she have invested at each rate?

Answer 1

So
x (4%)
y (5%)
x=y+2400
0.04x+0.05y=294

Once you solve them, x=4600 and y=2200
so 4%= $4600
5%= $2200