Question 1185459
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The quick look solution:<br>
$800 interest on an $8000 investment is a 10% return.
10% is exactly halfway between 8% and 12%.
Therefore half the total was invested at each rate.<br>
ANSWER: $4000 at 8% and $4000 at 12%.<br>
CHECK: .08(4000)+.12(4000)=320+480=800<br>
A typical formal algebraic solution....<br>
x = amount invested at 12%
8000-x = amount invested at 8%<br>
The total interest was $800:<br>
{{{.12(x)+.08(8000-x)=800}}}<br>
Solve using basic algebra....<br>