Question

I have $1000 to Invest. I Invested part of it at 8% and the part of it at 6%. IF my total simple interest is $76.00, how much did I invest for 1yr at each rate.

Answer 1

800 invested at 8% and 200 at 6% i think

Answer 2

Thank You, how did you come up with it, i came up with 1080.

Answer 3

76=0.08x+0.06y

Answer 4

1000=x+y

Answer 5

solve for one variable and plug into other equation

Answer 6

Makes sense now