document.write( "Question 98725: Kackie Smith won $60,000.00 in a slot machine in Las Vegas. She invested part at 2% simple interest and the rest at 3%. She earned a total of $1600.00 in interest. How much was invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #71842 by checkley71(8403)![]() ![]() ![]() You can put this solution on YOUR website! .03*x+.02(60000-x)=1600 \n" ); document.write( ".03x+1200-.02x=1600 \n" ); document.write( ".01x=1600-1200 \n" ); document.write( ".01x=400 \n" ); document.write( "x=400/.01 \n" ); document.write( "x=40000 amount invested @ 3%. \n" ); document.write( "60000-40000=20000 invested @ 2%. \n" ); document.write( "proof \n" ); document.write( ".03*40000+.02*20000=1600 \n" ); document.write( "1200+400=1600 \n" ); document.write( "1600=1600 \n" ); document.write( " |