SOLUTION: susan invested a total of $14,000. Part of it was at 6% interest and the other was at 8% interest. The total interest earned in one year was $1,060.00. how mush interest was war
Algebra.Com
Question 107398: susan invested a total of $14,000. Part of it was at 6% interest and the other was at 8% interest. The total interest earned in one year was $1,060.00. how mush interest was warned at each rate?
what is the formula used?
Thank you
Melinda
Answer by Annabelle1(69) (Show Source): You can put this solution on YOUR website!
let the amount you invest at 85% be x. So the amount you invest at 6% is (14000-x)
x=11000
this is the amount inveated at 8%. So the amount invested at 6% is $3000