SOLUTION: If $12,500 was deposited in two different investments one at 12% simple interest and the other at 8% . At the end of one year $1343 in interest was earned. How much was deposited i

SOLUTION: If $12,500 was deposited in two different investments one at 12% simple interest and the other at 8% . At the end of one year $1343 in interest was earned. How much was deposited i

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Question 1081359: If $12,500 was deposited in two different investments one at 12% simple interest and the other at 8% . At the end of one year $1343 in interest was earned. How much was deposited in each investment?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x at 12%
12500-x at 8%
.12x+.08(12500-x)=1343
.12x+1000-.08x=1343
.04x=343
x=$8575@12%=$1029
12500-x=$3925@8%=$314
add to $1343
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