Post a New Question

Math

posted by on .

Rosa invested $8000 for one year, part ast 8% annual interest and the balance at 10% annual interest. Her total interest for the year was $700. How much money did she invest at each rate?

  • Math - ,

    8000=LR + HR (lower rate $, higherrate$)
    .08*LR+ .10HR=700

    solve for LR, HR.

  • Math - ,

    LR 56
    HR 70

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question