SOLUTION: ``Mr. Rahami invested $15,000, a part at 8% and the rest at 11%. If his yearly income from these investments is $1335, how muchdid he invest at each rate ( assuming simple inte

SOLUTION: ``Mr. Rahami invested $15,000, a part at 8% and the rest at 11%. If his yearly income from these investments is $1335, how muchdid he invest at each rate ( assuming simple inte

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Question 32309: ``Mr. Rahami invested $15,000, a part at 8% and the rest at 11%. If his
yearly income from these investments is $1335, how muchdid he invest at
each rate ( assuming simple interest)?''.

Answer by mukhopadhyay(490) (Show Source): You can put this solution on YOUR website!
8% of x + 11% of (15000-x) = 1335
=> .08x + (1650 - .11x) = 1335
=> x = 315/.03 = 10500
$10,500 at 8% and $4,500 at 11%
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