To find: The additional amount invested at per year.
The additional amount invested at per year is $2000.
The amount invested at 4% rate is $4000 and the total amount invested at rate of .
Let the additional amount invested at rate be x and the total amount invested on rate be .
Tabulate the given information into the language of algebra.
|In words||In Algebra|
|Amount invested at||x|
|Total amount invested at|
|Interest earned at||0.055x|
|Interest earned at|
Model the equation for the above information.
Simplify the above equation for x,
Thus, the additional amount invested at per year is $2000.
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