SOLUTION: HAROLD INVESTED $8000 FOR ONE YEAR, PART AT 11% SIMPLE INTREST AND PART AT 10% INTREST. IF HE EARNED A TOTAL OF $850 IN INTREST AT EACH RATE?
FOR 11% I GOT 5000
FOR 10% I GOT 3
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Question 1093099: HAROLD INVESTED $8000 FOR ONE YEAR, PART AT 11% SIMPLE INTREST AND PART AT 10% INTREST. IF HE EARNED A TOTAL OF $850 IN INTREST AT EACH RATE?
FOR 11% I GOT 5000
FOR 10% I GOT 3000
IS THIS Correct?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x at 11%
8000-x at 10%
.11x+.10(8000-x)=850
.11x+800-.10x=850
.01x=50
x=$5000
8000-x=$3000
yes, you are correct.
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