SOLUTION: An actor invests some money at 8%, and $41000 more than four times the amount at 9%. The total annual interest earned from the investment is $60010. How much did he invest at each

Question 1109456: An actor invests some money at 8%, and $41000 more than four times the amount at 9%. The total annual interest earned from the investment is $60010. How much did he invest at each amount? Use the Six Step Method.
He invested $_ at 8% and $_ at 9%.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Use simple interest formula

------------------
Investment @ 8%
(1)
Tnvestment @ 9%
(2)
-----------------------------------------
Plug (1) into (2)
(2)
(2)
(2)
and
(1)
(1)
and

---------------------------------------
He invested $5,252.27 @ 8% and
$62,009.08 @ 9%
---------------------------------------
check answer:
(2)
(2)
(2)
(2)
(2)
and
(1)
(1)
(1)
OK
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