Problema Solution
nico is saving money for college he invests some money at 7% and $1200 less than that amount at 6 % the investment produced a total of $214 interest in 1 year how much did he invest at each rate
Answer provided by our tutors
nico is saving money for college he invests some money at 7% and $1200 less than that amount at 6 % the investment produced a total of $214 interest in 1 year how much did he invest at each rate
let x - invested money
.07x + .06(x-1200) = 214
.07x + .06x - 72 = 214
.13x = 286
x = $ 2200