document.write( "Question 1110072: Nico is saving money for his college education. He invest some money at 5%, and $1600 less than that amount at 3%. The investments produced a total of $144 interest in 1yr. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #725092 by addingup(3677)![]() ![]() You can put this solution on YOUR website! Some money: x \n" ); document.write( "0.05x + 0.03(x-1600) = 144 \n" ); document.write( "0.05x + 0.03x - 48 = 144 \n" ); document.write( "0.08x = 192 \n" ); document.write( "x = 2,400 was invested at 5% \n" ); document.write( "and \n" ); document.write( "2,400 - 1600 = 800 was invested at 3% \n" ); document.write( " \n" ); document.write( " |