SOLUTION: Part of a $5000 prize was invested at 6%, while the remainder was invested at 8%. If the total interest received was $368, how much was invested at each rate?
Algebra.Com
Question 202329: Part of a $5000 prize was invested at 6%, while the remainder was invested at 8%. If the total interest received was $368, how much was invested at each rate?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Answered earlier today.
Cheers,
Stan H.
RELATED QUESTIONS
HI, i cannot seem to find my mistakes in these three questions....can u plzz kindly solve (answered by stanbon,Earlsdon)
A total of $5000 was invested, part of it at 4% per year and the remainder at 6% per... (answered by lwsshak3)
Lon Triah invested $5000 at a local bank. Part was invested at 6% simple interest and the (answered by ikleyn)
a total of 3500 was invested, part of it at 8% interest and the remainder at 13%. if the... (answered by richwmiller)
A total of $3600 was invested, part of it at 6% interest and the remainder at 11%. If the (answered by addingup)
A total of $4000 was invested, part of it at 8% interest and the remainder at 9%. If the... (answered by checkley77)
A total of 4000 was invested,part of it at 8% interest and the remainder at 9%. if the... (answered by nyc_function)
A total of $3900 was invested, part of it at 8% interest and the remainder at 13%. If the (answered by mananth)
A total of $4500 was invested, part of it at 6% interest and the remainder at 12%. If the (answered by subudear)