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?

1. 3
1. .08(x)+.05(x-1300)=234 solve for x
.08x+.05x-65=234
x=2300

.08(2300)=184
.05(2300-1300)=50
184+50=234

posted by sam
2. I could have helped earlier if you posted the subject.

posted by MattsRiceBowl

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