document.write( "Question 429877: A total of $6000 is invested. Part at 8% and the remainder at 14%. How much is invested at each rate if the annual interest is $780 \n" ); document.write( "
Algebra.Com's Answer #298552 by htmentor(1343)![]() ![]() You can put this solution on YOUR website! Let x = the amount invested at 14% \n" ); document.write( "Then 6000-x = the amount invested at 8% \n" ); document.write( "The total interest earned is $780. \n" ); document.write( "So we can write \n" ); document.write( "0.14x + 0.08(6000-x) = 780 \n" ); document.write( "Solve for x: \n" ); document.write( "0.14x - 0.08x + 480 = 780 -> x = 300/0.06 = $5000 \n" ); document.write( "Therefore the amount invested at 8% interest = 6000 - 5000 = $1000 \n" ); document.write( " |