Nico is saving money for his college education. He invests some money at 6​%, and ​$1600 less than that amount at 4%. The investments produced a total of ​$156 interest in 1 yr. How much did he invest at each​ rate?


He invested ​$___ at 6​% and ​$___ at 4​%.

Verified Answer :

let's say the amounts are "a" and "b"
                                      6%       4%

now... we dunno what "a" is, but nevermind, whatever that is, "b" invested at 4%, is 1600 less than that or less than "a", namely b = a - 1600

so.. "a" is the bigger amount than "b" by 1600, but no matter

what is 6% of a? well, 6/100 a or 0.06a, that's how much it yielded
what is 4% of b? well, 4/100
b, or 0.04b, that's much it earned in interests

we know, their yield, or total in earned interest is 156, so.. whatever those yields are, they add up to 156 or

0.06a + 0.04b = 156

now      \(\bf \begin{cases} \boxed{b}=a-1600\\\\ 0.06a+0.04b=156\\ ----------\\ 0.06a+0.04\left( \boxed{a-1600} \right)=156 \end{cases}\)

solve for "a", to see how much was invested at 6%

how much is "b"?  well, b = a - 1600