SOLUTION: Nico is saving money for his college education. He invests some money at 8%, and $1300 less than that amount at 6%. The investments produced a total of $230 interest in 1 year. How

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Question 1092495: Nico is saving money for his college education. He invests some money at 8%, and $1300 less than that amount at 6%. The investments produced a total of $230 interest in 1 year. How much did he invest at each rate?
Answer by ikleyn(52890) About Me  (Show Source):
You can put this solution on YOUR website!
.
If you really want to learn on how to solve such problems, read the lesson
    - Using systems of equations to solve problems on investment
in this site.  It is prepared specially for you and explains everything in all details.

Also,  you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lesson is the part of this online textbook under the topic "Systems of two linear equations in two unknowns".


Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.