SOLUTION: Part of $15000 inheritance is invested at 5% and the remainder is invested at 6% the total simple interest earned on the $15000 at the end of 1 year is $800

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Question 723558:
Part of $15000 inheritance is invested at 5% and the remainder is invested at 6% the total simple interest earned on the $15000 at the end of 1 year is $800
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
.06X+.05(15,000-X)=800
.06X+750-.05X=800
.01X=800-750
.01X=50
X=50/.01
X=5,000 INVESTED @ 6%.
15,000-5,000=10,000 INVESTED @ 5%.
PROOF:
.06*5,000+.05*10,000=800
300+500=800
800=800