Posted by **Tony** on Sunday, March 25, 2007 at 9:51pm.

I invest $14,000, part is 15% and part is 2% if the total interest at the end of the year is $1060, how much did I invest at 15%

I think you mean that part (let'say x) earns 15% and the rest earns 2%

Solve thes two equations simultaneously:

x + y = 14,000

0.15 x + 0.02 y = 1060

0.15 x + 0.15 y = 2100

(I multiplied the first equation by 0.15)

0.13 x = 1040

I subtracted the second equation from the third)

Now finish it

## Answer This Question

## Related Questions

- algebra - Janet invested $26,000, part at 6% and part at 3%. If the total ...
- Algebra - Janet invested $26,000, part at 6% and part at 3%. If the total ...
- algebra - Janet invested $6,000, part at 14% and part at 13%. IF the total ...
- Algebra - Whitney invested $19,000, part at 5% and part at 7%. If the total ...
- Math - 19. Janet invested $26,000, part at 6% and part at 3%. If the total ...
- math - Bob invested $25,000, part at 2% and part at 9%. If the total interest at...
- Math - Whitney invested $25,000, part at 19% and part at 6%. If the total ...
- math - Janet invested $10,000, part at 2% and part at 12%. If the total interest...
- art - Janet invested $26,000, part at 6% and part at 3%. If the total interest ...
- math - Stan invested $5,000, part at 8% and part at 17%. If the total interest ...

More Related Questions