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)\"\" \"About 
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( "
\n" );