Math Problem Statement

Walt made an extra $5000 last year from a part-time job. He invested part of the money at 8% and arrest at 10%. He made a total of $480 and interest how much was invested at 10%.

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Interest Calculation

Formulas

Equation solving methods
Simple interest formula

Theorems

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Suitable Grade Level

High School