document.write( "Question 945688: Question : Nico invests some money at 9% and $1,400 less than that amount of 8%. The investments produced a total of $296 interest in 1 year. How much did he invest at each rate?
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document.write( "How I tried to solve:\r
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document.write( " Step 1) .09x+.08(x-1,400)=1,400\r
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document.write( "Step 2) 100( .09x +.08 (x-1,400) = 1,400 (100)\r
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document.write( "Step 3) 9x+8x-11,200=1,400,000\r
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document.write( "Step 4) 17x= 1,388,800\r
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document.write( "Step 5) x= 81,694\r
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document.write( "Step 6) x-1,400= 81,694\r
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document.write( "Step 7) x- 1,400 = 81,694- 1,400\r
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document.write( "Step 8) x= 80,294\r
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document.write( "Step 9) he invested $81,694 at 9% and $80,294 at 8% \r
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document.write( "*Step 9 is the two incorrect answers that I got towards this problem. Please help me with a step by step solution to this problem. Thank you.\r
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Algebra.Com's Answer #576845 by MathLover1(20850)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "The investments produced a total of $ \n" ); document.write( "\n" ); document.write( "Step 1) \n" ); document.write( "Step 2) \n" ); document.write( "Step 3) \n" ); document.write( "Step 4) \n" ); document.write( "Step 5) \n" ); document.write( "Step 6) \n" ); document.write( "Step 7) \n" ); document.write( "Step 8) he invested $ \n" ); document.write( "Step 9) \n" ); document.write( "\n" ); document.write( "check:\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " |