document.write( "Question 940746: Desa invested a certain amount of money at 2% interest and $12000 more than that amount at 7%. Her total yearly interest was $545. How much did she invest at each rate?
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Algebra.Com's Answer #573359 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Desa invested a certain amount of money at 2% interest and $12000 more than that amount at 7%. Her total yearly interest was $545. How much did she invest at each rate? \n" ); document.write( "------------------- \n" ); document.write( "Equation:: \n" ); document.write( "interest + interest = interest \n" ); document.write( "----- \n" ); document.write( "0.02x + 0.07(12000-x) = 545 \n" ); document.write( "------ \n" ); document.write( "2x + 7*12000 - 7x = 54500 \n" ); document.write( "------ \n" ); document.write( "-5x = -29500 \n" ); document.write( "x = $5900 (amt. invested at 2%) \n" ); document.write( "12000-x = 12000-5900 = $6100 (amt. invested at 7%) \n" ); document.write( "-------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "-------------- \n" ); document.write( " |