# SOLUTION: Jared invests part of his \$10,000 inherritance at 7% and the rest at 9%. If the total return on his investment is \$840 how much did he invest at each rate? Did I set up the problem

Algebra ->  Algebra  -> Graphs -> SOLUTION: Jared invests part of his \$10,000 inherritance at 7% and the rest at 9%. If the total return on his investment is \$840 how much did he invest at each rate? Did I set up the problem      Log On

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 Click here to see ALL problems on Graphs Question 103069: Jared invests part of his \$10,000 inherritance at 7% and the rest at 9%. If the total return on his investment is \$840 how much did he invest at each rate? Did I set up the problem correctly? I know it's P*R*T=I, so would it be .07x+.09(10,000-x)=840?Found 2 solutions by stanbon, cwatts1818:Answer by stanbon(57337)   (Show Source): You can put this solution on YOUR website!Yes, that is correct. Cheers, Stan H. Answer by cwatts1818(1)   (Show Source): You can put this solution on YOUR website!x=375