SOLUTION: Larrry Mitchell invested part of his $29,000 at 7% annual interest and the rest at 6% interest annual simple interest. If his total yearly interest from both accounts was $1,880. F

Question 774272: Larrry Mitchell invested part of his $29,000 at 7% annual interest and the rest at 6% interest annual simple interest. If his total yearly interest from both accounts was $1,880. Find the amount invested at both rates. X = ___ y = ___
Answer by oscargut(2103) (Show Source): You can put this solution on YOUR website!
Larrry Mitchell invested part of his $29,000 at 7% annual interest and the rest at 6% interest annual simple interest. If his total yearly interest from both accounts was $1,880.
Let X = amount invested at 7 %
Let Y = amount invested at 6 %
You have to solve:
x+y = 29,000
0.07x+0.06y=1880
Answer: X = 14,000 and Y = 15,000

I can help you with more questions at: mthman@gmail.com
Thanks

RELATED QUESTIONS
Larry Mitchell invested part of his $30,000 advance at 5% annual simple interest and the... (answered by greenestamps)

Larry Mitchell invested part of his $21,000 advance at 8% annual simple interest and the... (answered by addingup)

larry mitchell invested part of his 14,000 advance at 7% annual simple interest and the... (answered by Boreal)

Larry Mitchell invested part of his $27,000 advance at 7% annual simple interest and the... (answered by solver91311)

Larry Mitchell invested part of his $ 35,000 advance at 7% annual simple... (answered by addingup)

Larry Mitchell invested part of his $29,000 advance at 8% annual simple interest and the... (answered by addingup)

Larry Mitchell invested part of his $ 32,000 advance at 4% annual simple interest and the (answered by ikleyn)

Larry Mitchell invested part of his $17,000 advance at 6% annual simple interest and the... (answered by richwmiller)

Larry Mitchell invested part of his $16,000 advance at 5% annual simple interest... (answered by ewatrrr)