Question 192634
Let x = the amount invested at 8%, then (54000-x) will be the amount invested at 10%. Convert the percentages to their decimal eqivalents: 8% = 0.08 and 10% = 0.1
Now you can write the equation:
0.08x = 0.1($54000-x) Solve this for x.
0.08x = $5400-0.1x Add 0.1x to both sides of the equation.
0.18x = $5400 Divide both sides by 0.18
x = $3000 and $54000-$3000 = $24000
$3,000 is invested at 8%
$2,400 is invested at 10%