Posted by **Lily** on Tuesday, July 22, 2008 at 11:23am.

A man had $12,000 to invest. If his income from a savings account earing 7.5% is $280.00 greater than his income from another investment at 8%, how much did he invest at each rate?

THANK YOU! :)

- Math -
**PsyDAG**, Tuesday, July 22, 2008 at 1:30pm
If he has $12,00 to invest, then the amount invested in the two accounts are X and 12000 - X.

.075 of one plus .08 of the other = $280

You should be able to work it from there. I hope this helps. Thanks for asking.

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