SOLUTION: cameron invested three times as much money at 7.95% as he invested at 6.5% if his yearly simple intrest is $282.26, howmuch money was invested at 6.5%

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: cameron invested three times as much money at 7.95% as he invested at 6.5% if his yearly simple intrest is $282.26, howmuch money was invested at 6.5%      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 174366: cameron invested three times as much money at 7.95% as he invested at 6.5%
if his yearly simple intrest is $282.26, howmuch money was invested at 6.5%

Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
.0795(3x)+.065(x)=282.26
:
.2385x+.065x=282.26
:
.3035x=282.26
:
highlight%28x=930.01%29
highlight%283x=3%28930.01%29=2790.03%29