document.write( "Question 1122723: Danny invested some money at 3% simple interest and some money at 7% simple interest. The amount invested at the lower rate. If the total interest on the investments for 1 year was $803, then much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #738884 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x was at the lower rate \n" ); document.write( "y was at the higher rate \n" ); document.write( ".03x+.07y=803 \n" ); document.write( "There are an infinite number of ways this can happen unless \"The amount invested at the lower rate....\" has a modifier, like \"was twice as much as the amount at the higher rate,\" or something similar. \n" ); document.write( " |