Asked by rebecka
nico is saving his money for college he invests some money at 8% and $1300 less than that amount of 5% the investments produced the amount of $195 interest in 1 year how much did he invest at each rate?
Answers
Answered by
Damon
.08 x + .05(x -1300) = 195
8 x + 5(x-1300) = 19500
3 x - 6500 = 19500
3 x = 26,000
x = 8666.67
x-1300 = 7366.67
8 x + 5(x-1300) = 19500
3 x - 6500 = 19500
3 x = 26,000
x = 8666.67
x-1300 = 7366.67
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