SOLUTION: bob has $15000 to invest. he plans to invest part at 8%, with the remainder invested at 10%. find the amount invested at each rate if the total annual interest income is 1300
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: bob has $15000 to invest. he plans to invest part at 8%, with the remainder invested at 10%. find the amount invested at each rate if the total annual interest income is 1300
Log On
Question 965284: bob has $15000 to invest. he plans to invest part at 8%, with the remainder invested at 10%. find the amount invested at each rate if the total annual interest income is 1300 Answer by Fombitz(32388) (Show Source):
You can put this solution on YOUR website!
.
.
Multiply the second equation by 8 and subtract from the first equation,
$10000 at 8%, $5000 at 10%
