A woman has $11,700 invested, part at 5% and the rest at 8%. Find the amount invested at each rate if the return on the two investments is the same.

Question

Return on two investments returning the same amount.

Answer 1

x represents amount at 8%

11700 - x represents amount at 5%

 

0.08 = 0.05(11700 - x)

 

Can you solve for x and answer?