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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.
 one year ago
 one year 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.
 one year ago
 one year ago

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slaaibakBest ResponseYou've already chosen the best response.0
You 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
 one year ago

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

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

pkd8Best ResponseYou've already chosen the best response.0
76=0.08x+0.06y $1000+x+y Can this also work?
 one year ago

pkd8Best ResponseYou've already chosen the best response.0
Most investment questions ask what is the interest, but this one is throwing me off cause the interest is already given.
 one year ago

theyatinBest ResponseYou've already chosen the best response.1
nope upper equation u mentiooned can work lower one can not
 one year ago
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