Nico is saving money for his college education. He invests some money at 7%, and $1700 less than that amount at 4%. The investments produced a total of $196 interest in 1 yr. How much did he invest at each rate He invested Sat 7% and S at 4%.

Nico is saving money for his college education. He invests some money at 7%, and $1700 less than that amount at 4%. The investments produced a total of $196 interest in 1 yr. How much did he invest at each rate He invested Sat 7% and S at 4%.

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CR: Review Problem Set

Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...

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Question

Nico is saving money for his college education. He invests some money at 7%, and $1700 less than that amount at 4%. The investments produced a total of $196 interest in 1 yr. How much did he invest at each rate?
He invested S at 7% and S at 4%.

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