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

## Answer This Question

## Related Questions

- please please help - Nico is saving money for his college education. He invest ...
- Math - Nico is saving money for his college education. He invests some money at ...
- Math 208 - nico is saving money for his college education. He invests some money...
- Math - Nico is saving money for his college education. He invests some money at ...
- algebra - nico is saving his money for college he invests some money at 8% and $...
- 8th grade Math - Megan has at most $1500 to invest. She plans to invest some of ...
- help me - an actor invest some money at 6% and 43000 more than twice the amount ...
- Math - Doris invested some money at 7% and some money at 8%. She did at 7%. Her ...
- Math - formulate but do not solve the linear programming problem. Tracy has at ...
- math - A mother wants to invest $9,000.00 for her son’s future education. She ...

More Related Questions