find investment amts if $272 int. received from 5%, 8% accts

crackdude93

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Aug 27, 2008
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marcus invested $4000 at simple annual interest. Some at 5% and the rest at 8%. If he recieved $272 in interest for one year, how much did he invest at each rate?
 
Re: need help with question

let x = amount invested at 5%
4000-x = amount invested at 8%

\(\displaystyle 272 = x(.05) + (4000-x)(.08)\)

solve for x
 
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