document.write( "Question 1016063: Nico is saving money for his college education. He invests some money at 9%, and $1400 less than that amount at 4%. The investments produced a total of $217 interest on 1 year. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #632427 by dkppathak(439)![]() ![]() You can put this solution on YOUR website! Nico is saving money for his college education. He invests some money at 9%, and $1400 less than that amount at 4%. The investments produced a total of $217 interest on 1 year. How much did he invest at each rate? \n" ); document.write( "let he invest$ X at 9% and $X-1400 at 4% \n" ); document.write( "interest on first= 9x/100 \n" ); document.write( "interest on second =4(x-1400)/100 \n" ); document.write( "9x/100 +4(x-1400)/100 =$217 \n" ); document.write( "9x+4x-5600=21700 \n" ); document.write( "13x=21700+5600 \n" ); document.write( "13x=27300 \n" ); document.write( "x=27300/13 \n" ); document.write( "=$2100 and other will be 2100-1400=$700\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |