SOLUTION: Nico is saving money for his college education. He invest some money at 5%, and $2300 less than that amount at 3%. The investments produced a total of $163 interest in 1yr. How muc
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-> SOLUTION: Nico is saving money for his college education. He invest some money at 5%, and $2300 less than that amount at 3%. The investments produced a total of $163 interest in 1yr. How muc
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Question 1110071: Nico is saving money for his college education. He invest some money at 5%, and $2300 less than that amount at 3%. The investments produced a total of $163 interest in 1yr. How much did he invest at each rate? Answer by josmiceli(19441) (Show Source):
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(1)
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(2)
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Set (1) = (2)
and
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He invested $2,900 @ 5%
He invested $600 @ 3%
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check:
and
OK
