SOLUTION: 24. Stan invested $5,000, part at 8% and part at 17%. If the total interest at the end of the year is $490, how much did he invest at 8%? A) $5,000 B) $4,000 C) $3,0

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: 24. Stan invested $5,000, part at 8% and part at 17%. If the total interest at the end of the year is $490, how much did he invest at 8%? A) $5,000 B) $4,000 C) $3,0      Log On

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Question 46181: 24. Stan invested $5,000, part at 8% and part at 17%. If the total interest at the end of the year is $490, how much did he invest at 8%?
A) $5,000 B) $4,000 C) $3,000 D) $1,000
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
.08X+.17(5000-X)=490 OR .08X+850-.17X=490 OR -.09X=-360 OR X=360/.09 OR X=4000 AMOUNT INVESTED @ 8%.