SOLUTION: Whitney invested $11,000, part at 6% and part at 1%. If the total interest at the end of the year is $510, how much did she invest at 6%? Thank you!!!

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Whitney invested $11,000, part at 6% and part at 1%. If the total interest at the end of the year is $510, how much did she invest at 6%? Thank you!!!      Log On


   

Question 40372: Whitney invested $11,000, part at 6% and part at 1%. If the total interest at the end of the year is $510, how much did she invest at 6%?

Thank you!!!
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
.06X+(11000-X).01=510 OR .06X+110-.01X=510 OR .05X=400 OR X=400/.05 OR X=$8000 INVESTED @ 6% AND 11000-8000=3000 INVESTED @ 1%