# SOLUTION: MR. Hill invested \$10,000, part at 5.5% and part at 6%. The interest from the 5.5% investment exceeds the interest from the interest from the 6% investment by \$251. How much did he

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 Click here to see ALL problems on Money Word Problems Question 620945: MR. Hill invested \$10,000, part at 5.5% and part at 6%. The interest from the 5.5% investment exceeds the interest from the interest from the 6% investment by \$251. How much did he invest at each rate?Answer by MathTherapy(1483)   (Show Source): You can put this solution on YOUR website! MR. Hill invested \$10,000, part at 5.5% and part at 6%. The interest from the 5.5% investment exceeds the interest from the interest from the 6% investment by \$251. How much did he invest at each rate? Let amounts invested at 5.5% be F Since the interest from the 5.5% investment exceeds the interest from the 6% investment by \$251, then we can say that: .055(F) = .06(10,000 – F) + 251 .055F = 600 - .06F + 251 .055F + .06F = 600 + 251 .115F = 851 F, or amount invested at 5.5% = , or \$ This means that the amount invested at 6% = \$ (\$10,000 – 7,400) Send comments and “thank-yous” to “D” at MathMadEzy@aol.com