# SOLUTION: Jason invested \$12,000 in two funds. One of the funds returned 6% interest, and the other returned 8% interest after one year. If the total interest for the year was \$880, how much

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Jason invested \$12,000 in two funds. One of the funds returned 6% interest, and the other returned 8% interest after one year. If the total interest for the year was \$880, how much      Log On

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 Question 673624: Jason invested \$12,000 in two funds. One of the funds returned 6% interest, and the other returned 8% interest after one year. If the total interest for the year was \$880, how much did he invest in each fund?Answer by sachi(531)   (Show Source): You can put this solution on YOUR website!let investment in one of the fund is \$x returned 6% interest, and investment in the other the fund is \$(12000-x) returned 8% interest after one year. so the total interest =6*x/100+8*(12000-x)/100=880 (as per question) or 6x+8(12000-x)=88000 or -2x=88000-96000=-8000 or x=4000 so 1st investment is 4000 at 6% & other is 8000 at 8%