document.write( "Question 1080141: A student invests $5,500 at 5% and 6% annually. After one year, the student receives a total of $300 in interest. How much did the student invest at each interest rate? \n" ); document.write( "
Algebra.Com's Answer #694363 by dkppathak(439)![]() ![]() You can put this solution on YOUR website! : A student invests $5,500 at 5% and 6% annually. After one year, the student receives a total of $300 in interest. How much did the student invest at each interest rate? \n" ); document.write( "solution \n" ); document.write( "let x at 5% \n" ); document.write( "5500-x at 6% \n" ); document.write( ".05x+0.06(5500-x)=300 \n" ); document.write( ".05x+0.06*5500-.06x=300 \n" ); document.write( "-0.10x=300-330 \n" ); document.write( "-0.01x=-30 \n" ); document.write( "x=3000 \n" ); document.write( "$3000 at 5% and \n" ); document.write( "$2500 at 6% \n" ); document.write( " |