Question

​$6300 is​ invested, part of it at 11​% and part of it at 6​%. For a certain​ year, the total yield is ​$533.00. How much was invested at each​ rate?
$___ was invested at 11%

Answer 1

Answer:

Invested at 11% : 3100

Invested at 6% : 3200

Step-by-step explanation:

let x= amount invested at 11%

let y= amount invested at 6%

we can write

Equation 1: x+y=6300

Equation2: .11x+.06y=533

Divide equation 2 by .06 to get

1.8333333x+y=8883.33333333

Subtract equation 2 from equation 1

.8333333x= 2583.33333333

x= 3100

Plug in x= 3100 into equation 1

3100+y= 6300

y= 3200