SOLUTION: Part of $13,750 is invested at 9% interest and the rest is invested at 8%. After on year, the accounts paid $1,185 in interest. How much was invested at the lower rate?

Question 158852: Part of $13,750 is invested at 9% interest and the rest is invested at 8%. After on year, the accounts paid $1,185 in interest. How much was invested at the lower rate?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
.08x+.09(13,750-x)=1,185
.08x+1,237.50-.09x=1,185
-.01x=1,185-1,237.50
-.01x=-52.50
x=-52.50/-.01
x=$5,250 is the amount invested @ 8%.
13,750-5,250=$8,500 invested @ 9%.
Proof.
.08*5,250+.09*8,500=1,185
420+765=1,185
1,185=1,185
RELATED QUESTIONS
Part of $15,000 is invested at 8% annual interest, and the rest is invested at 6%. After... (answered by mananth)

Part of $18,000 is invested at 8% annual interest, and the rest is invested at 6%. After... (answered by solver91311)

Part of $17,000 is invested at 9% annual interest, and the rest is invested at 6%. After... (answered by nyc_function)

Part of $18,000 is invested at 8% annual interest, and the rest is invested at 6%. After... (answered by nerdybill)

I need to your help please solve these problems 1)A total of Rs 14000 invested for (answered by stanbon)

A woman has invested money in two accounts. Part of the money is invested in an account... (answered by mananth)

Bob invested $24000. He invested part of it at 8% interest per year and the rest at 10%... (answered by richwmiller,greenestamps)

Fran received $113 per year in simple interest from investing $1300.00 Part is invested... (answered by josmiceli)

Part of $20,000 is invested at 12% interest. The rest is invested at 8% interest. The... (answered by checkley77)