Question 1160573
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Formal algebra....<br>
x amount at 8%; 10000-x at 11%; total interest 890:<br>
{{{.08(x)+.11(10000-x) = 890}}}<br>
Solve using basic algebra; I leave that to you.<br>
A much faster and easier informal solution method....<br>
(1) $10,000 all at 8% would yield $800 interest; all at 11% would yield $1100 interest.
(2) The actual interest amount, $890, is 3/10 of the way from $800 to $1100.  ($800 to $1100 is $300; $800 to $890 is $90; 90/300 = 3/10).<br>
(3) That means 3/10 of the $10,000 was invested at the higher rate.<br>
ANSWER: 3/10 of $10,000, or $3000, at 11%; the rest at 8%.<br>
CHECK: .11(3000)+.08(7000) = 330+560 = 890<br>