SOLUTION: Joey invested his money at 9% interest rate while Karen invested her money at 5% interest rate. If Joey invested P 1,000 more than what Karen did and the combined amount of interes

Question 1154336: Joey invested his money at 9% interest rate while Karen invested her money at 5% interest rate. If Joey invested P 1,000 more than what Karen did and the combined amount of interest earned after a year is P 790.00, how much did each person invest?
Found 2 solutions by josgarithmetic, ramkikk66:
Answer by josgarithmetic(39625) (Show Source): You can put this solution on YOUR website!
Joey, j
Karen, j-1000

.
.
Answer by ramkikk66(644) (Show Source): You can put this solution on YOUR website!
This is identical to problem no. 1154337
which has been already solved. Please see the link below.
https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1154337.html
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