SOLUTION: Nico is saving money for his college education. He invest some money at 5%, and $2300 less than that amount at 3%. The investments produced a total of $163 interest in 1yr. How muc

Question 1110071: Nico is saving money for his college education. He invest some money at 5%, and $2300 less than that amount at 3%. The investments produced a total of $163 interest in 1yr. How much did he invest at each rate?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Use

(1)
--------------------------------

(2)
------------------------------------
Set (1) = (2)

and

------------------------------------
He invested $2,900 @ 5%
He invested $600 @ 3%
---------------------------------
check:

and

OK

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