<PRE><B>Question 1092496</B>
Let the part invested at 8% be x. Then,
0.08x+0.07(29000-x) = 2040
0.08x+2030-0.07x = 2040
0.01x = 10
x = 1000
So, 1000 is invested at 8% and 29000-1000 = 28000 at 7%
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Check:
1000(0.08). . = 80
28000(0.07). .= 1960
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Total . . . . = 2040 Correct</PRE>