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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 ?

User Piran
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1 Answer

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Answer:

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

.05x+.04x-76=185

.09x=185+76

.09x=261

x=261/.09

Explanation:

User Jeroen Landheer
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