Nico is saving money for his college education. He invests some money at 7%, and $1600 less than that amount at 6%. The investments produced a total of $177 interest in 1 yr. How much did he invest at each rate?

Answer :

Answer:

Step-by-step explanation:

177=.07x+.06(x-1600)

177=.13x-96

273=.13x

x=2100

Which means that the amount invested 2100 at 7% and 500 at 6%

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