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?

Question

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?

Damon · Answer

.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