Post a New Question

please please help

posted by .

Nico is saving money for his college education. He invest some money at 8%, and $1300 less than that amount at 5%. the investments produced a total of $234 intrest in 1 yr.How much did he invest at each rate?

  • please please help -

    .08(x)+.05(x-1300)=234 solve for x
    .08x+.05x-65=234
    x=2300

    to check your answer
    .08(2300)=184
    .05(2300-1300)=50
    184+50=234

  • please please help -

    I could have helped earlier if you posted the subject.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question