Maddy W.

asked • 01/26/16

I need help solving this

Nico is saving money for his college education. He invests some money at 9?%, and ?$1400 less than that amount at 4%. The investments produced a total of ?$217 interest in 1 yr. How much did he invest at each? rate?

Sanhita M.

what type of interest was applied - simple or compound?
Report

01/26/16

1 Expert Answer

By:

Andrew M. answered • 01/26/16

Tutor
New to Wyzant

Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.