Posted by John on Wednesday, January 23, 2013 at 6:01pm.
Invested $P @ 7%.
Invested $(15,000-P) @ 8%.
P*r*t + (15000-P)*r*t = $1100.
P*0.07*1 + (15000-P)*0.08*1 = 1100
0.07P + 1200 -0.08P = 1100
-0.01P = 1100-1200 = -100
P = $10,000 @ 7%.
Related Questions
Math - An investment advisor invested a total of $12,000, part at 2.5% annual ...
MATH - An investment adviser invested $14,000 in two accounts. One investment ...
Algebra - An investment adviser invested $14,000 in two accounts. One investment...
Math 81 - How can $60,000 be invested, part at 7% annual simple interest and the...
math - if $9,000 is to be invested, part at 13% and the rest at 8% simple ...
Math - I hate word problems! Can anyone just change this Following word prob to...
Math - Joe invested $12,000, part at 6% interest and part at 8% interest. In the...
Math - You invested $14,000 in two accounts paying 5% and 9% annual interest, ...
Math - Nico was stunned when he opened the mail. Here was a check for $322.50! ...
iun - kim won 60,000 dollars. she invested part at 2 percent interest and the ...
For Further Reading
