SOLUTION: Walt made an extra $10,000 last years from a part-time job.he invested part of the money at 7%per year and the rest at 8% per year. He made a total of $740 in interest for the year

SOLUTION: Walt made an extra $10,000 last years from a part-time job.he invested part of the money at 7%per year and the rest at 8% per year. He made a total of $740 in interest for the year

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Question 586937: Walt made an extra $10,000 last years from a part-time job.he invested part of the money at 7%per year and the rest at 8% per year. He made a total of $740 in interest for the year. How much was invested at each rate?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
x+y=10000
.07x+.08y=740
x=6000
y=4000
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