SOLUTION: sherry akey invested some money at 8% and $100 more than that at 6%. her total annual interest was $48. how much did she invest at each rate?
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Question 884922: sherry akey invested some money at 8% and $100 more than that at 6%. her total annual interest was $48. how much did she invest at each rate? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! sherry akey invested some money at 8% and $100 more than that at 6%. her total annual interest was $48. how much did she invest at each rate?
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Equation:
int + int = int
0.08x + 0.06(x+100) = 48
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8x + 6x + 600 = 4800
14x = 4200
x = $300 (amt. invested at 8%
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x + 100 = $400 (amt. invested at 6%)
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Cheers,
Stan H.
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