Homework Help: ALGEBRA

Posted by JAY10 on Sunday, December 13, 2009 at 3:56pm.

An investor has $500 more invested at 7% than he does at 5%..If his annual interest is $515, how much does he have inested at each rate?....I need to know how to solve this problem...Do I use PRT=I(interest) formula..please someone help me with the steps....

ALGEBRA - bobpursley, Sunday, December 13, 2009 at 4:07pm
(Y+500).07 + y*.05=515

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