SOLUTION: how do you solve this, "A 6% investment brings an annual return of $28 more in interest than a 5% investment. The total amount invested is $1200. Find two amounts invested"

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: how do you solve this, "A 6% investment brings an annual return of $28 more in interest than a 5% investment. The total amount invested is $1200. Find two amounts invested"      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 481274: how do you solve this, "A 6% investment brings an annual return of $28 more in interest than a 5% investment. The total amount invested is $1200. Find two amounts invested"
Answer by lwsshak3(11628) About Me  (Show Source):
You can put this solution on YOUR website!
how do you solve this, "A 6% investment brings an annual return of $28 more in interest than a 5% investment. The total amount invested is $1200. Find two amounts invested"
**
let x=$ invested at 6%
1200-x=$ invested at 5%
.06x-.05(1200-x)=28
.06x-60+.05x=28
.11x=88
x=800
1200-x=400
..
Ans:
$800 was invested at 6%
$400 was invested at 5%