SOLUTION: Sally invested some money at
8% interest. Sally also invested
$186
more than
5 times that amount at
9%.
How much is invested at each rate if Sally receives
$766.16
in inter
Algebra.Com
Question 1048601: Sally invested some money at
8% interest. Sally also invested
$186
more than
5 times that amount at
9%.
How much is invested at each rate if Sally receives
$766.16
in interest after one year? (Round to two decimal places if necessary.)
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Let 
represent the amount invested at 8%. Then the yield for that part of the investment must be 
. The amount invested at 9% is 
, and the yield is )
. The sum of the yields is given as $766.16, so:
\ =\ 766.16)
Solve for and then calculate
John
My calculator said it, I believe it, that settles it
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