Question

Nico is saving money for his college education. He invests some money at 8%, and $1400 less than that amount at 7%. The investment produced a total of $262 interests in 1 yr. How much did he invest at each rate ?

Answer 1

Answer:

.05x+.04(x-1,900)=185

.05x+.04x-76=185

.09x=185+76

.09x=261

x=261/.09

Step-by-step explanation: