Janet invested $23,000, part at 6% and part at 17%. If the total interest at the end of the year is $2,260, how much did she invest at 6%?

Question

Let x be the amount invested at 6%
Then 23,000 - x is invested at 17%.

0.06 x + 0.17 (23,000 - x) = 2260.

That equation can be solved fo x

Answer 1

15,000