SOLUTION: Pam earns $468 per year in simple interest by investing part of her money at 8% and the rest at 6%. If she invest $2000 more of her money at 8% than she invests at 6%, how much did

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Pam earns $468 per year in simple interest by investing part of her money at 8% and the rest at 6%. If she invest $2000 more of her money at 8% than she invests at 6%, how much did      Log On


   

Question 901408: Pam earns $468 per year in simple interest by investing part of her money at 8% and the rest at 6%. If she invest $2000 more of her money at 8% than she invests at 6%, how much did she invest at 8%?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
x-y=2000
x=2000+y
0.08*x+0.06*y=468
0.08*(2000+y)+0.06*y=468
160+0.08y+0.06*y=468
0.14*y=308
y=2200 at 6%
x=2000+y
x=4200 at 8%
2200
check
0.08*4200+0.06*2200=468
336+132=468
468=468
ok