Posted by **Tristan** on Wednesday, January 26, 2011 at 2:04pm.

Nico is saving money for his college education. He invest some money at 8%, and $1300 less than that amount at 5%. the investments produced a total of $234 intrest in 1 yr.How much did he invest at each rate?

- Math Help Please -
**Reiny**, Wednesday, January 26, 2011 at 2:09pm
solve for x

.08x + .05(x-1300) = 234

(I suggest multiplying each term by 100

- Math Help Please -
**Tristan**, Wednesday, January 26, 2011 at 2:18pm
would it be 23 or 2300

- Math Help Please -
**Reiny**, Wednesday, January 26, 2011 at 2:25pm
test your answer, but $23 wouldn't make a lot of sense, would it?

(did you multiply both sides by 100?)

- Math Help Please -
**Tristan**, Wednesday, January 26, 2011 at 2:33pm
Can somebody help me i still dont get how to do this?

- Math Help Please -
**Reiny**, Wednesday, January 26, 2011 at 2:55pm
from my equation :

.08x + .05(x-1300) = 234

times everybody by 100

8x + 5(x-1300) = 23400

8x + 5x - 6500 = 23400

13x = 29900

x = 2300

so larger amount = $2300

smaller investment = 1000

check:

.08(2300) + .05(1000) = 234

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