SOLUTION: Part of $8,000 was invested at 10% interest and the rest at 12%. If the annual income from these investments was $850, how much was invested at each rate? Could someone help me wi

Algebra ->  Linear-equations -> SOLUTION: Part of $8,000 was invested at 10% interest and the rest at 12%. If the annual income from these investments was $850, how much was invested at each rate? Could someone help me wi      Log On


   

Question 258363: Part of $8,000 was invested at 10% interest and the rest at 12%. If the annual income from these investments was $850, how much was invested at each rate? Could someone help me with this problem?
Thank you.
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
.10*x+.12(8000-x)=850
x=5500 at 10%
8000-x=2500 at 12%