ALGEBRA
posted by JAY10 .
An investor has $500 more invested at 7% than he does at 5%..If his annual interest is $515, how much does he have inested at each rate?....I need to know how to solve this problem...Do I use PRT=I(interest) formula..please someone help me with the steps....

ALGEBRA 
bobpursley
(Y+500).07 + y*.05=515
Respond to this Question
Similar Questions

Math
How do I do this?  can anyone give me a formula to find the answers? 
algebra
Ok my math assignments look something ike this... The formula I=prt gives the amouunt of simple interest I earned by principal p at an annual interest rate r over t years. Solve this formula for p. B. Find p if r=0.035, t=4, and I=$420. … 
algebra interest word problem
Solve the problem. Roberto invested some money at 7%, and then invested $2000 more than twice this amount at 11%. His total annual income from the two investments was $3990. How much was invested at 11%? 
algebra
solve for the indicated variable: a. temperature formula solve for F: K=5/9(F32)+273 b. annual interest rate solve for R: A=P+Prt im posting this the second time, but the first reply i got didn't help much :( can you show me how to … 
algebra
The formula I=PRT gives the amount of simple interest I earned by principal P at an annual interest rate R over T years. Solve this formula for P. 
Algebra
Mrs. Jones invested $10,000, some in each of two separate accounts. One pays 5% interest and the other 6%. If her combined annual interest is $575, how much does she have invested in each account? 
Math
A woman has money in two accounts. One account pays 7% annual interest, whereas the other pays 15% annual interest. If she has $1,500 more invested at 15% than she does at 7% and her total interest for a year is $1,545, how much does … 
algebra (please help)
A total of $22,000 is invested in two municipal bonds that pay 4.25% and 5.75% simple interest. The investor wants an annual interest income of $1085 from the investments. What amount should be invested in the 4.25% bond? 
math models
Martin invested $6,500 in a bank at a simple interest rate of 6.5%. How much interest would he receive after 4 years? 
Algebra
Jon invested a total of $40,000 in 3 different bank accounts. One pays an annual interest rate of 3%, the second account pays 5% annual interest and the third account pays 6% annual interest. In one year, Jon earned a total of $1960 …