Nico is saving money for his college education. He invests some money at 5% and $1900 less than the amount at 3%. The investments produced a total of $143 interest in 1 yr. How much did he invest at each rate??

please help i have no idea how to do this

Question

Nico is saving money for his college education. He invests some money at 5% and $1900 less than the amount at 3%. The investments produced a total of $143 interest in 1 yr. How much did he invest at each rate??

please help i have no idea how to do this

czesc · Answer

You need to make this into two algebraic equations.

Here's the first one.
.05*x+.03*y=143

czesc · Answer

Have you ever solved a system of equations before?

czesc · Answer

Tag me once you're back :)

pphalke · Answer

@czesc no i havent and is the asterik sign mean multiply?

czesc · Answer

yes it does

pphalke · Answer

.05x is what you did in the first one?

czesc · Answer

.05= 5 % .03 =3%

czesc · Answer

That first equation finds the total interest

czesc · Answer

pellet brb have to go somewhere @mathmale @jpcoogan  someone help

pphalke · Answer

i dont understand it that way i need the equation in a more easier way

czesc · Answer

yeah i have to go i'll be back in a while i'm sorry parents lol

pphalke · Answer

ok