SOLUTION: I dont get this problem please help me:
Maria Cruz wants to invest part of her $8,000 savings bond paying 12% annual interest, and the rest of it in a savings account paying 8%.
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Question 39001This question is from textbook Glencoe Algebra 1
: I dont get this problem please help me:
Maria Cruz wants to invest part of her $8,000 savings bond paying 12% annual interest, and the rest of it in a savings account paying 8%. If she wants to earn a total of $760, how much money should Maria invest at each rate?
This question is from textbook Glencoe Algebra 1
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
X*.12+(8000-X).08=760 OR .12X+640-.08X=760 OR .04X=120 OR X=120/.04 OR X=3000
3000*.12+5000*.08=760 OR 360+400=760 OR 760=760
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