SOLUTION: how would you write an equation for this problem and solve it?
9.) two investments were made totaling $8800. for a certain year these investments yielded $1326 in simple interes
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-> SOLUTION: how would you write an equation for this problem and solve it?
9.) two investments were made totaling $8800. for a certain year these investments yielded $1326 in simple interes
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Question 645725: how would you write an equation for this problem and solve it?
9.) two investments were made totaling $8800. for a certain year these investments yielded $1326 in simple interest. part of the $8800 was invested at 14% and part at 16%. find the amount invested at each rate. Answer by solver91311(24713) (Show Source):
Let be the amount invested at 16%. Then the amount invested at 14% has to be . The amount received on the 16% investment is and the amount received on the 14% investment is . Just add the two amount quantities, set the sum equal to the total amount of interest received. Solve for .
John
My calculator said it, I believe it, that settles it
