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Need help with making an equation for the following problem: A sum of $15,000 is split, and the two parts are invested at 8% and 6%, respectively. If the interest for the 8% exceeds the interest from the 6% investment by $360, how much is invested at each rate?
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consider one x and other y and proceed
I understand this but I am not sure how to make the equation: for example do I X.08 + Y.06= 360?
let split be x and y now 8%x=6%y +360$
yeah you're right, great!!
and x+y=15000
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Alright,
I have done around 100 problems and my brain is completely fried haha.
haha it happens !!!
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