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22 November, 21:27

Nico is saving money for his college education. He invests some money at 8% and $1400 less then the amount at 7%. The investments produced a total of $217 interst in one yeat. How much did he knvest at each rate?

So far I have 0.08 (1400) (0.07)

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  1. 22 November, 22:22
    0
    Interest after 1 year

    x*0.06 + (x-1400) * 0.05=172

    0.11x=172+1400*0.05

    0.11x=242

    x=2200
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