Question

Nico is saving money for his college education. He invests some money at 9% and $1400 less than that amount at 3%. The investments produced a total of $198 interest in 1 yr. how much did he invest at each rate? will fan and medal

Answer 1

please help, I really need it

Answer 2

Can you try to form an equation with RHS being the total?

Answer 3

I cant I don't know how

Answer 4

Let's assume x to be thr amount he invested at 9%. Then amount he deposited at 3% will be x-1400

Answer 5

Now can you calculate interests of 9% and 3% in a year?

Answer 6

i cant put this in an equation

Answer 7

See for example in a month,the intetest for 9% will be (9/100)*x. So for a year it will be (9/100)*x*12. Can yoi do it for 3% now?

Answer 8

is it 100/9 *12? I'm confused

Answer 9

No. Try again.

Answer 10

i don't know :(

Answer 11

What is 3% os x-1400?

Answer 12

Of

Answer 13

O.o

Answer 14

That question was forpphalke

Answer 15

sorry...trying to learn this too

Answer 16

Okay. @pphalke why are you silent?