SOLUTION: Phil as $20,000, part of which he invests at 8% interest and the rest at 6%. If his total income from the two investments after one year was $1460, how much did he invest at each
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Question 339638: Phil as $20,000, part of which he invests at 8% interest and the rest at 6%. If his total income from the two investments after one year was $1460, how much did he invest at each rate?
I actually have the answers on my homework sheet, but for the life of me I cannot remember how to set up this problem. If you could explain it would be greatly appreciated. Answer by scott8148(6628) (Show Source):
