SOLUTION: Part of $8,000 was invested at 10% interest and the rest at 12%. If the annual income from these investments was $850, how much was invested at each rate? Could someone help me wi

SOLUTION: Part of $8,000 was invested at 10% interest and the rest at 12%. If the annual income from these investments was $850, how much was invested at each rate? Could someone help me wi

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Question 258363: Part of $8,000 was invested at 10% interest and the rest at 12%. If the annual income from these investments was $850, how much was invested at each rate? Could someone help me with this problem?
Thank you.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.10*x+.12(8000-x)=850
x=5500 at 10%
8000-x=2500 at 12%

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