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pkd8
 3 years ago
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.
pkd8
 3 years ago
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.

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slaaibak
 3 years ago
Best ResponseYou've already chosen the best response.0You invested $x at 8% You invested $(100x) at 6% formula for simple interest: A = P(1+in) I believe you should be able to do it now

slaaibak
 3 years ago
Best ResponseYou've already chosen the best response.0Sorry that should be: $(1000x) at 6% I skipped a zero there

theyatin
 3 years ago
Best ResponseYou've already chosen the best response.1(1000x)*8%+x*6%=76 solve to get x and you wil have the answer

pkd8
 3 years ago
Best ResponseYou've already chosen the best response.076=0.08x+0.06y $1000+x+y Can this also work?

pkd8
 3 years ago
Best ResponseYou've already chosen the best response.0Most investment questions ask what is the interest, but this one is throwing me off cause the interest is already given.

theyatin
 3 years ago
Best ResponseYou've already chosen the best response.1nope upper equation u mentiooned can work lower one can not
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