SOLUTION: Matthew invested some of his money at 6.5% and $450 less at 8%. His total annual intrest income is $167. How much did Matthew invest at 8%?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Matthew invested some of his money at 6.5% and $450 less at 8%. His total annual intrest income is $167. How much did Matthew invest at 8%?      Log On


   

Question 125234:
Matthew invested some of his money at 6.5% and $450 less at 8%. His total annual intrest income is $167. How much did Matthew invest at 8%?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
.065(X+450)+.08X=167
.065X+29.25+.08X=167
.145X=167-29.25
.145X=137.75
X=137.75/.145
X=950 AMOUNT INVESTED @ 8%.