Nico is saving money for his college education. He invests some money at 8%, and $1800 less than that amount at 5 %. The investments produced a total of $261 interest in 1 yr. How much did he invest at each rate?

Question

Nico is saving money for his college education. He invests some money at 8​%, and ​$1800 less than that amount at 5 %. The investments produced a total of ​$261 interest in 1 yr. How much did he invest at each​ rate?

Reiny · Answer

amount at 8% --- x amount at 5% ---- x-1800 .08x + .05(x-1800) = 261 each term times 100 8x + 5(x-1800) = 26100 solve for x

Nico is saving money for his college education. He invests some money at 8​%, and ​$1800 less than that amount at 5 %. The investments produced a total of ​$261 interest in 1 yr. How much did he invest at each​ rate?

Nico is saving money for his college education. He invests some money at 8%, and $1800 less than that amount at 5 %. The investments produced a total of $261 interest in 1 yr. How much did he invest at each rate?