SOLUTION: Carla invested $28,000, part at 14% and part at 16%. If the total interest at the end of the year is $4,160, how much did she invest at 14%?

SOLUTION: Carla invested $28,000, part at 14% and part at 16%. If the total interest at the end of the year is $4,160, how much did she invest at 14%?

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Question 63446This question is from textbook
: Carla invested $28,000, part at 14% and part at 16%. If the total interest at the end of the year is $4,160, how much did she invest at 14%? This question is from textbook

Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
.14X+.16(28,000-X)=4160
.14X+4480-.16X=4160
-.02X=4160-4480
-.02X=-320
X=-320/-.02
X=16,000 SOLUTION FOR 14% INVESTMENT.

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