SOLUTION: Two investments produce a total annual interest income of $201.00. If $1200 more was invested at 7% than at 6%,how much was invested at 6%? How much was invested at 7%?

SOLUTION: Two investments produce a total annual interest income of $201.00. If $1200 more was invested at 7% than at 6%,how much was invested at 6%? How much was invested at 7%?

Algebra.Com

Question 275767: Two investments produce a total annual interest income of $201.00. If $1200 more was invested at 7% than at 6%,how much was invested at 6%? How much was invested at 7%?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
.07(X+1,200)+.06*X=201
.07X+84+.06X=201
.13X=201-84
.13X=117
X=117/.13
X=$900 AMOUNT INVESTED @ 6%.
900+1,200=$2,100 INVESTED @ 7%.
PROOF:
.07*2,100+.06*900=201
147+54=201
201=201

RELATED QUESTIONS
The annual interest income on two investments is $79. Of the two investments, $200 more... (answered by ikleyn)

I need help with this problem please. Two investments produce a total annual interest... (answered by stanbon)

Alberto invested $15000, part at 6.5% annual interest and rest at 9%. If his annual... (answered by mananth)

ERNEST INVESTED A PART OF HIS MONEY AT 16% ANNUAL INTEREST. ANOTHER PART WHICH IS P50,000 (answered by macston)

Bruce Blossom invested a sum of money at 10% annual simple interest and invested twice... (answered by josmiceli)

Fred invested some money at 3%, and then invested $5,000 more than twice this amount at... (answered by macston)

I have two questions #1-After inheriting some money, a woman wants to invest enough to (answered by checkley75)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount... (answered by Nate)

Roberto invested some money at 7%, and then invested $2000 more than twice this amount at (answered by checkley71)