Algebra

posted by .

You invested $1 0,000 on two stocks paying 8% and 10% annual interest, respectively. At the
end of the year, the total interest fiom these investments was $940. How much was invested at
each rate?

  • Algebra -

    amount invested at first ---- x
    amount invested at 10% ---- 10000-x

    solve for x ....

    .08x + .10(10000-x) = 940
    ...
    ...

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. algebra

    two investments were made totaling $15,000. for a certain year these investments yielded $1432 in simple interest. part of the $15,000 was invested at 9% and part at 10%. find the amount invested at each rate. a total of $1150 was …
  2. Algebra

    I invested $42,000 in three funds paying 5%, 7%, and 9% simple interest. The total annual interest from these investments was $2,600. The amount of money invested at 5% was $200 less than the amount invested at 7% and 9% combined. …
  3. Math

    You invested $14,000 in two accounts paying 5% and 9% annual interest, respectively. If the total interest earned for the year was $820, how much was invested at each rate?
  4. math

    you invested $4000 in two accounts paying 2% and 9% annual interest, respectively if the total interest earned for the year was $150, how much was invested at each rate. $_was invested at 2% and _$ was invested at 9%
  5. algebra

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate?
  6. math

    you invested $8000 between two accounts paying 7% and 9% annual interest, respectively. If the total interest earned for the year was $600 how much was invested at each rate?
  7. Algebra

    You invested 20,000 in two accounts paying 4% and 7% annual interest, respectively. If the total interested earned for the year was $830, how much was invested at each rate?
  8. algebra

    Dilbert invests a total of $14,000 in two accounts paying 9% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $1,350.00. A) Enter an equation that uses the information …
  9. algebra

    You invested ​$27,000 in two accounts paying 2% and 3% annual​ interest, respectively.If the total interest earned for the year was $ 800, how much was invested at each​ rate?
  10. Algebra

    Katie invested a total of $7,000, part at 2% simple interest, and part at 3% simple interest. At the end of 1 year, the investments earned, $184.00 interest. How much was invested at each rate?

More Similar Questions