Here's the question you clicked on:
pkd8
I have $1000 to Invest. I Invested part of it at 8% and the part of it at 6%. IF my total simple interest is $76.00, how much did I invest for 1yr at each rate.
You invested $x at 8% You invested $(100-x) at 6% formula for simple interest: A = P(1+in) I believe you should be able to do it now
Sorry that should be: $(1000-x) at 6% I skipped a zero there
(1000-x)*8%+x*6%=76 solve to get x and you wil have the answer
76=0.08x+0.06y $1000+x+y Can this also work?
Most investment questions ask what is the interest, but this one is throwing me off cause the interest is already given.
nope upper equation u mentiooned can work lower one can not