SOLUTION: Arelen wishes to invest $5000. If she invests part at 7% simple interest, part at 6%, and receives a total of $332 after one year, how much does she invest at each rate?

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Question 50848: Arelen wishes to invest $5000. If she invests part at 7% simple interest, part at 6%, and receives a total of $332 after one year, how much does she invest at each rate?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
.07X+.06(5000-X)=332 OR .07X+300-.06X=332 OR .01X=332-300 OR .01X=32 OR X=32/.01 OR X=3200 INVESTED @ 7% AND 5000-3200=1800 INVESTED @ 6%