SOLUTION: Lane invested $10,000, part at 15% and part at 14%.
If the total interest at the end of the year is $1,430,
how much did she invest at 15%?
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Question 108310: Lane invested $10,000, part at 15% and part at 14%.
If the total interest at the end of the year is $1,430,
how much did she invest at 15%?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
A-amount invested at 15%
B-anount invested at 14%
1.
2.
Use 1 to solve for A in terms of B.
1.
Substitute that value into 2.
2.
From 1.
Verify your answer with 2.
2.
True statement. Good answer.
Lane invested $3000 at 15% and $7000 at 14%.
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