SOLUTION: Dara invested some money at 3% simple interest and $6000 more than that at 4.5% simple interest. After 1 year her total interest from the two accounts was $870. How much did she in

Question 224476: Dara invested some money at 3% simple interest and $6000 more than that at 4.5% simple interest. After 1 year her total interest from the two accounts was $870. How much did she invest at each rate?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
.03X+.045(X+6,000)=870
.03X+.045X+270=870
.075X=870-270
.075X=600
X=600/.075
X=8,000 AMOUNT INVESTED @ 3%.
8,000+6,000=14,000 AMOUNT INVESTED @ 4.5%.
PROOF:
.03*8,000+.045*14,000=870
240+630=870
870=870
RELATED QUESTIONS
Barneys money earned $204 in interest after 1 year. He invested some of is money in an... (answered by richwmiller)

Danny invested some money at 3% simple interest and some money at 7% simple interest. The (answered by mananth)

Jerome invested some money in an account earning 7% simple interest and $3000 more than... (answered by josgarithmetic)

Karen invested some money at 9% annual simple interest and $250 more than that amount at... (answered by checkley71)

Danny invested some money at 3% simple interest in some money at 7% simple interest. The... (answered by lwsshak3)

Harry invested some money at 7% annual simple interest. He invested 200$ less then that... (answered by stanbon)

holly rioux invested some money at 3.5% simple interest, and $5000 more than 3 times this (answered by rfer)

The total annual interest for two investments are $81. Some amount of this money is... (answered by TimothyLamb)

Katie invested a total of $6000 part at 2% simple interests and a part at 3% simple... (answered by Boreal)