SOLUTION: A person invests some money at 14%, with $8,000 more than this amount invested at 12%. The total annual income from the investments is $9,280.
How much is invested at 14%?''.
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-> SOLUTION: A person invests some money at 14%, with $8,000 more than this amount invested at 12%. The total annual income from the investments is $9,280.
How much is invested at 14%?''.
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Question 1009001: A person invests some money at 14%, with $8,000 more than this amount invested at 12%. The total annual income from the investments is $9,280.
How much is invested at 14%?''. Answer by fractalier(6550) (Show Source):
You can put this solution on YOUR website! Call the amount invested at 14%, x.
Thus 8000+x was invested at 12%.
The set up is
.14x + .12(8000+x) = 9280
.14x + 960 + .12x = 9280
.26x = 8320
x = $32,000 at 14%
