document.write( "Question 342377: Nico is saving money for his college education. He invests some money at 5%, and $1900 less than that amount at 4%. The investments produced a total of $185 interest in 1 yr. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #245184 by nyc_function(2741)![]() ![]() You can put this solution on YOUR website! Let x be the amount he invests at 5%. Then the amount at 4% will be x - 1900. His interest for one year is\r \n" ); document.write( "\n" ); document.write( "185 = 0.05x + 0.04(x - 1900)\r \n" ); document.write( "\n" ); document.write( "= 0.05x + 0.04x - 76\r \n" ); document.write( "\n" ); document.write( "185 + 76 = 0.09x\r \n" ); document.write( "\n" ); document.write( "x = 261/0.09 = 2900\r \n" ); document.write( "\n" ); document.write( "So, he invested $2900 at 5% and $1000 at 4%. \n" ); document.write( " \n" ); document.write( " |