Two investments totaling $63,500 produce an anual income of $3250. one investment yields 4% per year, while the other yields 6% per year. how much is invested at each rate?

$28,000 at 4% rate

$35,500 at 6% rate

Step-by-step explanation:

Let $x be the first amount of investment, then $(63,500-x) is the amount of the second investment.

Use formula

where

I = interest

P = principal (initial amount of investment)

r = rate

t = time.

In your case,

Hence

So,

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step-by-step explanatio89