SOLUTION: Carmella Santiago earned 42,000 in book royalties. She invested part at 15% simple interest and the rest at 12%, earning 5,790 per year in interest. How much did she invest at each

Algebra.Com
Question 965166: Carmella Santiago earned 42,000 in book royalties. She invested part at 15% simple interest and the rest at 12%, earning 5,790 per year in interest. How much did she invest at each rate?
I know you have to use I= prt... Right? I just never know how to write it out...

Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!
Let = amount invested @ 15%
= amount invested @ 12%
---------------------

I think they want ( 1 year )
Make this 2 equations:




--------------------
Add the equations


Now find and

RELATED QUESTIONS

Sam earned $42,000 in selling antiques. He invested part at 15% simple interest and the... (answered by stanbon)
Ms kaushik invested rs 30000 in total ,part of it at 5% and rest at 8% simple interest.... (answered by addingup)
Kackie Smith won $60,000.00 in a slot machine in Las Vegas. She invested part at 2%... (answered by checkley71)
Tori invested $8000 in money market funds. Part was invested at 5% simple interest, and... (answered by mananth,JBarnum)
Tori invested $8000 in money market funds. Part was invested at 5% simple interest, and... (answered by checkley77)
Tori invested $8000 in money market funds. Part was invested at 5% simple interest and... (answered by Menjax)
lisa jenkins invested part of her $8000 inheritance in an account earning 5% simple... (answered by checkley77)
Marissa invested $7000 for 1 year. Part was invested at 4% simple interest and part... (answered by checkley79)
Terry Edwards invested $3000 for two years, part at 3.5% simple interest and the rest at... (answered by josgarithmetic)