SOLUTION: CHUCK INVESTED $14000 LAST YEAR. HE INVESTED 9% IN A SIMPLE INTEREST, AND THE REST OF IT AT A 10%. THEN MADE A TOTAL OF $1350 FROM INTEREST. HOW MUCH WOULD HAVE BEEN INESTED AT EA

SOLUTION: CHUCK INVESTED $14000 LAST YEAR. HE INVESTED 9% IN A SIMPLE INTEREST, AND THE REST OF IT AT A 10%. THEN MADE A TOTAL OF $1350 FROM INTEREST. HOW MUCH WOULD HAVE BEEN INESTED AT EA

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Question 41057: CHUCK INVESTED $14000 LAST YEAR. HE INVESTED 9% IN A SIMPLE INTEREST, AND THE REST OF IT AT A 10%. THEN MADE A TOTAL OF $1350 FROM INTEREST. HOW MUCH WOULD HAVE BEEN INESTED AT EACH RATE? WOULD ENJOY ANY HELP GIVEN. KEVIN
Answer by Nate(3500) (Show Source): You can put this solution on YOUR website!
x(0.09) + (14000 - x)(.1) = 1350
-0.01x = -50
x = 5000
$5000 went into 9% while $9000 went into 10%
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