document.write( "Question 1097256: Nick is saving money for his college education. He invests some money at 9%, and $1400 less than that amount at 6%. The investments produced a total of $201 interest in 1 yr. How much did he invest at each rate. \n" ); document.write( "

Algebra.Com's Answer #711658 by ikleyn(52788) $\"\"$ $\"About$

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document.write( "Let x be the money amount invested at 9%, in dollars.\r\n" );
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document.write( "Then the the money amount invested at 6% is (x-1400) dollars.\r\n" );
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document.write( "Then the total interest equation is\r\n" );
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document.write( "0.09*x + 0.06*(x-1400) = 201.\r\n" );
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document.write( "Solve for x.\r\n" );
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