SOLUTION: Fred invests a part of P1700 at 8% and the rest at 9%. If the annual incomes from the two investments are equal, how much has he invested at each rate?

Question 901281: Fred invests a part of P1700 at 8% and the rest at 9%. If the annual incomes from the two investments are equal, how much has he invested at each rate?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi

Let x represent the larger percentage amount    

.09x = .08(1700 - x)

  x = .08(1700)/.01, amount at 9%.  at 8% ... 

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