Tuesday

March 3, 2015

March 3, 2015

Posted by **SUBSTITUTION METHOD** on Monday, May 16, 2011 at 7:23am.

- math -
**drwls**, Monday, May 16, 2011 at 7:40amLet the amount earning 6% be X and the amount earning 8% be Y. You have to solve these two equations in two unknowns.

X + Y = 2000

0.06 X + 0.08 Y = 144

Substitute 2000 -X for Y in the second equation and solve the resulting equation for X.

0.06X + 0.08(2000 - X) = 144

160 -144 = 0.02 X

X = $800

Y = 2000 - X = $1200

**Answer this Question**

**Related Questions**

math - Formulate but do not solve the problem. Michael Perez has a total of $...

College alerbra - Scott invested a total of $9500 at two separate banks. One ...

math - jack invested $4000 in two accounts. one pays simple interest at the rate...

Math - Travis has a total of $6,000 invested in two accounts. The total amount ...

math - Ronelio invests $29,000 in two one-year certificates of deposit. One ...

Math - A woman has money in two accounts. One account pays 7% annual interest, ...

mat h - ms. buxx invested a total of $2000 in two savings accounts. The first ...

math - Suppose $500 is divided into two bank accounts. One account pays 15% ...

Math - a man borrowed $85,000 of wich he pays a part of at 9% interest and the ...

Algebra 1 - Ms. Buxx invested a total of $2000 in two saving accounts. The first...