Question 190266
Let {{{x}}} = the amount invested @ 8%
{{{16000 - x}}} will be the amount invested @ 6%
given:
{{{.08x + .06*(16000 - x) = 1180}}}
----------------------------------
{{{.08x + 960 - .06x = 1180}}}
{{{ .02x = 220}}}
{{{x = 11000}}}
{{{16000 - x = 16000 - 11000}}}
{{{16000 - 11000 = 5000}}}
$11000 was invested @ 8% and $5000 was invested @ 6%
check:
{{{.08x + .06*(16000 - x) = 1180}}}
{{{.08*11000 + .06*5000 = 1180}}}
{{{.08*11000 + .06*5000 = 1180}}}
{{{880 + 300 = 1180}}}
{{{1180 = 1180}}}
OK