Raymond B. answered 02/19/22
Math, microeconomics or criminal justice
.04(x) + .02(25-x) = .7 where 25=$25,000, .7 = $700
.04x - 02x = .7-.02(25) = .7-.5 = .2
.02x = .2
x = .2/.02 = 20/2 = $10,000 invested at 4%
25-10 = $15,000 invested at 2%
.04(10,000) + .02(15,000) = 400 + 300 = $700