SOLUTION: $9500 is invested, part of it is 11% and part of it is 6%. For a certain year, the total yield is $865.00. How much was invested at each rate?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: $9500 is invested, part of it is 11% and part of it is 6%. For a certain year, the total yield is $865.00. How much was invested at each rate?       Log On

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Question 462507: $9500 is invested, part of it is 11% and part of it is 6%. For a certain year, the total yield is $865.00. How much was invested at each rate?
Answer by rwm(914) About Me  (Show Source):
You can put this solution on YOUR website!
x+y=9500
.11x+.06y=865