SOLUTION: Hector made an extra $5,000 last year from a part-time job. He invested part of the money at 6% and the rest at 7%. He made a total of $340 in interest. How much was invested at ea

SOLUTION: Hector made an extra $5,000 last year from a part-time job. He invested part of the money at 6% and the rest at 7%. He made a total of $340 in interest. How much was invested at ea

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Question 1099434: Hector made an extra $5,000 last year from a part-time job. He invested part of the money at 6% and the rest at 7%. He made a total of $340 in interest. How much was invested at each rate?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
340=.06*x+.07*y
x+y=5000
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