Question 1190150
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Using formal algebra....<br>
x = amount at 6%
17000-x = amount at 7%<br>
Total interest income $1150<br>
{{{.06(x)+.07(17000-x)=1150}}}<br>
Solve using basic algebra....  I leave that to you.<br>
If formal algebra is not required....<br>
(1) $17000 all invested at 6% would yield $1020 income; all at 7% would yield $1190 income; the actual income was $1150.
(2) Look at the three income amounts on a number line -- 1020, 1150, and 1190 -- and observe/calculate that $1150 is 130/170 = 13/17 of the way from $1020 to $1190.
(3) That means 13/17 of the total was invested at the higher rate.<br>
ANSWER: 13/17 of $17,000, or $13,000, at 7%; the other $4000 at 6%<br>
CHECK: .07(13000)+.06(4000)=910+240=1150<br>