SOLUTION: $5900 is invested, part of it at 12% and part of it a 8%. For a certain year, the total yield is $596.00. How much was invested at each rate?

Algebra ->  Customizable Word Problem Solvers  -> Numbers -> SOLUTION: $5900 is invested, part of it at 12% and part of it a 8%. For a certain year, the total yield is $596.00. How much was invested at each rate?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 925638: $5900 is invested, part of it at 12% and part of it a 8%. For a certain year, the total yield is $596.00. How much was invested at each rate?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
x the amount at 12%
(5900-x) the amount at 8%
..........
.12x + .08(5900-x) = 596
x = (596-472)/.04 = $3100, the amount at 12%