Question:

How much was invested?

by Guest66365  |  earlier

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Walt made an extra $8000 last year from a part-time job. He invested part of the money at 9% and the rest at 7%. He made a total of $660 in interest. How much was invested at 7%?

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  1. .07x + .09y = 660

    x + y = 8000

    x=8000-y

    .07(8000-y) + .09y =660

    560 - .07y +.09y =660

    .02y = 100

    y = 5000  therefore x = 3000


  2. lets say x = the money he invested at 9% and y = the money he invested at 7%

    x + y = 8000

    0.9x + 0.7y = 660

    solve for y
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