SOLUTION: Mrs. Goodman invested half of her money at 7% interest in a bank and the other half at 8% interest per year. Her annual income from the two investments was $7,500.00. How much did

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Mrs. Goodman invested half of her money at 7% interest in a bank and the other half at 8% interest per year. Her annual income from the two investments was $7,500.00. How much did       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 328397: Mrs. Goodman invested half of her money at 7% interest in a bank and the other half at 8% interest per year. Her annual income from the two investments was $7,500.00. How much did she invested in each?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let A = amount invested in each bank
.07A+%2B+.08A+=+7500
.15A+=+7500
A+=+7500%2F.15
A+=+750000%2F15
A+=+50000
She invested $50,000 in each