document.write( "Question 1134141: Nico is saving money for his college education. He invests some money at 8%, and $1500 less than that amount at 4 %. The investments produced a total of $180 interest in 1 yr. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #751426 by addingup(3677)![]() ![]() You can put this solution on YOUR website! 0.08x + 0.04(x-1500) = 180 \n" ); document.write( "0.08x + 0.04x - 60 = 180 \n" ); document.write( "0.12x = 240 \n" ); document.write( "x = 2000 \n" ); document.write( "He invested 2000 at 8% and 2000-1500 = 500 at 4% \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ \n" ); document.write( "Check: \n" ); document.write( "2000*0.08 = 160 \n" ); document.write( "500*0.04 = 20 \n" ); document.write( ". . . . . --------- \n" ); document.write( "Totas . . . 180 Correct \n" ); document.write( " |