SOLUTION: 2. Ms. Hill invested $3000. She earned 14% on part of her investment and 6% on the rest. If she earned a total of $260 in interest for the year, how much did she invest at each rat

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: 2. Ms. Hill invested $3000. She earned 14% on part of her investment and 6% on the rest. If she earned a total of $260 in interest for the year, how much did she invest at each rat      Log On


   

Question 796939: 2. Ms. Hill invested $3000. She earned 14% on part of her investment and 6% on the rest. If she earned a total of $260 in interest for the year, how much did she invest at each rate?
Found 2 solutions by Joe Mama , Alan3354:
Answer by Joe Mama (1) About Me  (Show Source):
You can put this solution on YOUR website!
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Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Ms. Hill invested $3000. She earned 14% on part of her investment and 6% on the rest. If she earned a total of $260 in interest for the year, how much did she invest at each rate?
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x = amount at 14%
x*0.14 + (3000-x)*0.06 = 260