Wednesday

January 28, 2015

January 28, 2015

Posted by **John** on Wednesday, January 23, 2013 at 6:01pm.

- Math -
**Henry**, Thursday, January 24, 2013 at 6:16pmInvested $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%.

**Answer this Question**

**Related Questions**

algebra - Calvin invested $7500 for one year, part 12% annual interest and the ...

algebra - HELP! Please Calvin invested $7500 for one year, part 12% annual ...

algebra - invest $2,000, part earns 6% year and reh rest earned 11% year. ...

Math - An investment advisor invested a total of $12,000, part at 2.5% annual ...

Pre Algerbra - I invested $3,000, part at 2% and the rest at 5% simple interest...

intermediate algebra - need the equation for this problem. Mike invested $706 ...

Business Algebra - You invest $20,000 in two accounts. Account A earned 4.5% ...

math - An investment adviser invested $14,000 in two accounts. One investment ...

math - An investment adviser invested $14,000 in two accounts. One investment ...

math - An investment adviser invested $14,000 in two accounts. One investment ...