The Computer Club invested $2200, part at 4.5% interest and the rest at 7%. The total annual interest earned was $144. How much was invested at each rate?
The answser is $400 at 4.5% and $1800 at 7% but i can't figue out how to get there.
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Actually I figured it out. Instead of using 2 variables I did Amount @ 4.5% = x, so then the amount at 7% = 2200-x
so it goes:
.045x + .07(2200-x)=144
then I sloved for x and got 400. So it is $400@ 4.5% and if the amount @ 7% is 2200-x it would = 1800
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