document.write( "Question 1018106: Nico is saving money for his college education. He invests some money at 8%, and $1900 less than that amount at 3 %. The investments produced a total of $240 interest in 1 yr. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #634252 by addingup(3677)![]() ![]() You can put this solution on YOUR website! .08x+.03(x-1900) = 240 \n" ); document.write( ".08x+.03x-57 = 240 \n" ); document.write( "0.11x = 297 \n" ); document.write( " x = 2700 is the amount invested at 8% and \n" ); document.write( "2700-1900 = 800 is invested at 3% \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ \n" ); document.write( "Check: \n" ); document.write( "2700*.08 = 216 \n" ); document.write( "800* .03 = 24 \n" ); document.write( "__________-------- \n" ); document.write( "Total . . . 240 we have the correct answer \n" ); document.write( " |