SOLUTION: Laura invested $2000. Some at 8% per year and the rest at 10% giving her a total income of $176 per year. How much money did she invest at 8%. I know that I need to create a t

Question 37315This question is from textbook
: Laura invested $2000. Some at 8% per year and the rest at 10% giving her a total income of $176 per year. How much money did she invest at 8%.
I know that I need to create a table. I'm stuck as to what to do next. I appreciate your help and thanks so much!
Amount invested x Rate = Interest
Investment A 2000 7% .07(2000)
Investment B
Total Investment 176
This question is from textbook

Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
.08X+.1(2000-X)=176 OR .08X+200-.1X=176 OR -.02X=-24 OR X=24/.02 OR X=1200 THUS 1200 WAS INVESTED @ 8% WHILE 2000-1200=800 INVESTED @ 10%
PROOF.08*1200+.1*800=176 OR 96+80=176 OR 176=176
INVESTMENT A 1200@8%=$96
INVESTMENT B 800*10%=$80
TOTAL INVESTMENT $176
RELATED QUESTIONS
Laura invested $2000, some at 8%,annual simple interestand the rest at 10% annual simple... (answered by checkley71)

Bob invested $24000. He invested part of it at 8% interest per year and the rest at 10%... (answered by richwmiller,greenestamps)

A total of $2000 was invested: part at 8% and the rest at 12% per year. If after one... (answered by macston)

Deshi invested $32,000. He invested part of it at 8% interest per year and the rest at... (answered by mananth)

Mrs.Garcia invested half of her money at 6 percent per year and the other held at 8... (answered by dkppathak)

Mrs. Goodman invested half of her money at 7% interest in a bank and the other half at 8% (answered by josmiceli)

Sarah invested $5000. She invested part of the money at 8% per year and the rest at 6%... (answered by ewatrrr)

Mr. Santos invested 50,000 pesos, part of which at 5% per year and the rest at 6% per... (answered by checkley71)

priyankaa invested $2000, part at 8% per annum and the rest at 10% per annum. After one... (answered by stanbon)