SOLUTION: roberto invested some money at 7%, and then invested $3000 more than twice this ammount at 9%. his total annual income for two investments was $3200. how much was invested at 9%
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Question 331859: roberto invested some money at 7%, and then invested $3000 more than twice this ammount at 9%. his total annual income for two investments was $3200. how much was invested at 9% Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! amount invested be x at 7%
2x+3000 @ 9%
total interest for 1 year =3200
0.07x+0.09*(2x+3000)=3200
0.07x+0.18x+270=3200
0.25x=3200-270
0.25x=2930
x=2930/0.25
$11,720 at 7%
..
2x+3000
2*11720+300
23,440+300
=$23,740 @ 9%
