Question

George invested some money at 5%. George also invested $180 more than 5 times that amount at 8%. How much is invested at each rate if George receives $1663.65 in interest after one year? (round to two decimal places if necessary.)

Answer 1

Let the money invested be x

Interest = PNR/100
=5x/100
=x/20

Other amt. = 5x+180
I=(5x+180)8/100
=40(x+36)/100
2(x+36)/5

And we know, x/20 + 2(x+36)/5 = 1663.65

x=3665

Answer 2

How did u get, x+y+180?

Answer 3

sorry, x=y+180

Answer 4

sorry, I missed the 5 times