SOLUTION: A man invests part of 17,000 pesos at 8% and the rest at 9%. if the annual income from the 2 investments are equal, how much has he invested at each rate?

SOLUTION: A man invests part of 17,000 pesos at 8% and the rest at 9%. if the annual income from the 2 investments are equal, how much has he invested at each rate?

Algebra.Com

Question 717808: A man invests part of 17,000 pesos at 8% and the rest at 9%. if the annual income from the 2 investments are equal, how much has he invested at each rate?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
.08X=.09(17,000-X)
.08X=1,530-.09X
.08X+.09X=1,530
.17X=1,530
X=1,530/.17
X=9,000 AMOUNT INVESTED @ 8%.
17,000-9,000=8,000 AMOUNT INVESTED @ 9%.
PROOF:
.08*9,000=720 INTEREST.
.09*8,000=720 DITTO.
RELATED QUESTIONS
A man invests part of 17,000 pesos at 8% and the rest at 9%. If the annual income... (answered by checkley79)

rellie invests 12,000 pesos. A part of it earns 10% interrest annually ans the rest earns (answered by tutorcecilia)

Fred invests a part of $51,000 at 8% and the rest at 9%. If the annual incomes from the... (answered by mananth)

Fred invests a part of P1700 at 8% and the rest at 9%. If the annual incomes from the two (answered by ewatrrr)

Fres Calibig invests a part of $17000 at 8% and the rest 9%. If the annual incomes from... (answered by mananth)

Nestor invested 5000 pesos, part of it at 3% and the rest at 5% simple interest. If the... (answered by mananth)

Part of a $8, 000 inheritance was invested at 10% interest and the rest was in- vested at (answered by stanbon)

A student invests part of $10,000 at 6% annual interest and the rest at 5%. If the... (answered by checkley77)

Willard invests a part of 50 000 pesos in a bank paying 12% interest annually and the... (answered by richwmiller)