SOLUTION: $5,581 is invested, part at 15% and the rest at 6%. If the interest earned from the amount invested at 15% exceeds the interest earned from the amount invested at 6% by $261.54, ho

Question 1140655: $5,581 is invested, part at 15% and the rest at 6%. If the interest earned from the amount invested at 15% exceeds the interest earned from the amount invested at 6% by $261.54, how much is invested at each rate? (Round to two decimal places if necessary.)

Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!

Let x be the amount invested at 15%; then the amount invested at 6% is 5581-x.

The interest from x at 15% is .15(x); the interest from (5581-x) at 6% is.06(5581-x).

The problem says the amount of interest earned at 15% is 261.54 more than the interest earned at 6%:

Solve using basic algebra.
RELATED QUESTIONS
17,818 is invested, part at 11% and the rest at 6%. if the interest earned from the... (answered by richwmiller)

26,876 is invested, part at 9% and the rest at 5%. If the interest earned from the amount (answered by mananth)

$9,609 is invested, part at 12% and the rest at 5%. If the interest earned from the... (answered by richwmiller)

$19187 is invested, part at 9% and the rest at 8%. If the interest earned from the amount (answered by rwm)

$20,862 is invested, part at 9% and the rest at 7%. If the interest earned from the... (answered by addingup)

$12,305 is invested, part at 10% and the rest at 8%. If the interest earned from the... (answered by mananth)

$6,446 is invested, part at 13% and the rest at 10%. If the interest earned from the... (answered by Theo)

$10,637 is invested, part at 13% and the other at 6%. If the interest earned from the... (answered by mananth,richwmiller)

$14,188 is invested, part at 10% and the rest at 6%. If the interest earned from the... (answered by addingup)