SOLUTION: Mario has P5000 to invest and decides to invest part of it at 4% and the rest of it at 6 1/2 %. If the total interest for the year is P245, how much does Mario have invested at ea

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Mario has P5000 to invest and decides to invest part of it at 4% and the rest of it at 6 1/2 %. If the total interest for the year is P245, how much does Mario have invested at ea      Log On


   

Question 556779: Mario has P5000 to invest and decides to invest part of it at 4% and the rest of it at 6 1/2 %. If the total interest for the year is P245, how much does Mario have invested at each rate?
Answer by mathstutor494(120) About Me  (Show Source):
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Mario has P5000 to invest and decides to invest part of it at 4% and the rest of it at 6 1/2 %. If the total interest for the year is P245, how much does Mario have invested at each rate?
Ans : Mario invested P3,200 @4% and P1,800 @6.5% rate
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