SOLUTION: Saul made some extra money last year from a part-time job. He invested part of the money at 2% with four times as much invested at 3.25%. He made a total of $150.00 in interest. Ho

Question 1169447: Saul made some extra money last year from a part-time job. He invested part of the money at 2% with four times as much invested at 3.25%. He made a total of $150.00 in interest. How much was invested at 3.25%?
Answer by ikleyn(52788) (Show Source): You can put this solution on YOUR website!
.


Let x be the amount invested at 2%.

Then the amount invested at 3.25% is 4x, according to the condition.


Next, you write the total interest equation


    0.02x + 0.0325*(4x) = 150  dollars.


Simplify and solve this equation.


When you find x, calculate 4x.


If you compute everything correctly, it will be your answer.

RELATED QUESTIONS
Walt made an extra $10,000 last year from a part-time job. He invested part of the money... (answered by nerdybill)

Walt made an extra $10,0000 last year from a part-time job. He invested part of the money (answered by tutorcecilia)

walt made an extra $9000.00 last year from a part time job. he invested part of the money (answered by elima)

Walt made an extra $9000 last year from a part-time job. He invested part of the money... (answered by checkley71)

Walt made an extra $9000 last year from a part-time job. he invested part of the money... (answered by checkley77,stanbon)

Problem: Walt made an extra $9000 last year from a part-time job. He invested part of... (answered by josmiceli)

Walt made an extra 9000 last year from a part time job. He invested part of the money at... (answered by ankor@dixie-net.com)

Walt made an extra $9000 last year from a part-time job. He invested part of the money at (answered by ankor@dixie-net.com)

Walt made an extra $9000 last year from a part-time job. He invested part of the money at (answered by jim_thompson5910)