SOLUTION: Mike invested $706 for one year. He invested part of it at 5% and the rest at 3%. At the end of the year he earned $28.00 in interest. How much did mike invest at each rate of inte

SOLUTION: Mike invested $706 for one year. He invested part of it at 5% and the rest at 3%. At the end of the year he earned $28.00 in interest. How much did mike invest at each rate of inte

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Question 533323: Mike invested $706 for one year. He invested part of it at 5% and the rest at 3%. At the end of the year he earned $28.00 in interest. How much did mike invest at each rate of interest
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
(5%)(x) + (3%)(706 - x) = 28
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