SOLUTION: Suppose Jim has $12,000 to invest at 8% and 10%. How much does he invest at each rate to have a total interest of $1,000 after one year?

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Question 832319: Suppose Jim has $12,000 to invest at 8% and 10%. How much does he invest at each rate to have a total interest of $1,000 after one year?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
.08a+.10b=1000,
a+b=12000
a=10000., b=2000.