Ask Question
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)

+3
Answers (1)
  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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in