document.write( "Question 765288: nico is saving money for his college education. he invest some money at 7% and at 1600 less than that amount at 3%. the invests produces a total of $202 interest in 1 yr. how much did he invest at each rate. 7% and at 3% \n" ); document.write( "
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Q:
\n" ); document.write( "nico is saving money for his college education. he invest some money at 7% and at 1600 less than that amount at 3%. the invests produces a total of $202 interest in 1 yr. how much did he invest at each rate. 7% and at 3%
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\n" ); document.write( "A:
\n" ); document.write( "Let x = amount invested at 7%
\n" ); document.write( "therefore, x - 1600 = amount invested at 3%
\n" ); document.write( "0.07x + 0.03(x - 1600) = 202
\n" ); document.write( "0.07x + 0.03x - 48 = 202
\n" ); document.write( "0.1x = 250
\n" ); document.write( "x = 2500
\n" ); document.write( "x - 1600 = 900
\n" ); document.write( "ANSWERS: $\"highlight%282500%29\" at 7% and $\"highlight%28900%29\" at 3%
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