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algebra

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nico is saving his money for college he invests some money at 8% and $1300 less than that amount of 5% the investments produced the amount of $195 interest in 1 year how much did he invest at each rate?

  • algebra - ,

    .08 x + .05(x -1300) = 195

    8 x + 5(x-1300) = 19500

    3 x - 6500 = 19500

    3 x = 26,000

    x = 8666.67
    x-1300 = 7366.67

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