SOLUTION: Nick is saving money for his college education. He invests some money at 9%, and $1400 less than that amount at 6%. The investments produced a total of $201 interest in 1 yr. How m

Algebra ->  Customizable Word Problem Solvers  -> Mixtures -> SOLUTION: Nick is saving money for his college education. He invests some money at 9%, and $1400 less than that amount at 6%. The investments produced a total of $201 interest in 1 yr. How m      Log On

Let x be the money amount invested at 9%, in dollars.


Then the the money amount invested at 6% is (x-1400) dollars.


Then the total interest equation is


0.09*x + 0.06*(x-1400) = 201.


Solve for x.