Let x be the amount he invests at 6%
1280 = 0.06x + 0.07(20000 - x)
1280 = 0.06x + 1400 - 0.07x
1280 - 1400 = -0.01x
-120 / -0.01 = x
x = 12000
Therefore, he invests $12,000 at 6% and $8,000 at 7%
Answer:
There is 1/3 gallon of water in a 3 gallon container. What fraction of the container is full? ONE-THIRD OF A GALLON DIVIDED BY 3 GALLONS EQUALS ONE-NINTH.
The correct answer should be Choice B.
Scholarships and merit aid are the best way to earn money to go to college. They don't have to be paid back. When it comes to loans, you should select federal before non-governmental because the interest rates are usually lower on federal loans.
