alrene wishes to invest $5000.  If she invests part at 7% simple interest, part at 6% and receives a total of 332 after one year, how much does she invest at each rate?
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1 Answer

x= amount invested at 7%

y=amount invested at 6%

.07x +.06y =332  or

7x +6y = 33200

x+y=5000, 7x +7y =35000

y=$1800 at 6%

x=3200 at 7%
by Level 5 User (12.9k points)

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