SOLUTION: This is a word problem: An investment fund has $3000 more invested at 8% than it does at 10%. If the annual return from the 8% investment is the same as the annual return from t

Question 277786: This is a word problem:
An investment fund has $3000 more invested at 8% than it does at 10%. If the annual return from the 8% investment is the same as the annual return from the 10% investment, how much is invested at each rate?
When given the total return value, I can calculate interest. With out it, I'm stuck.
Found 2 solutions by richwmiller, scott8148:
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
Thanks for telling us it is a word problem! i would never have guessed! lol!
y=x+x+3000
.1*x=.08*(x+3000)
x=12000
x+3000=15000

Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
let x="amount at 10%", so x+3000 is the amount at 8%

(x + 3000)(8%) = (x)(10%)
RELATED QUESTIONS
An investment fund has $3000 more invested at 8% than it does at 10%. If the annual... (answered by Boreal)
George decided to invest a certain amount of money, some at an annual interest rate of... (answered by greenestamps)
larry has an annual return of $213 from $3000 invested at simple interest, some at 5% the (answered by ewatrrr,richwmiller)
You recently graduated and your job search brought you to Blues Airline. Since you felt... (answered by ikleyn)
Mr. Smith invested $18,000 part at 8% and the rest at 10%. The annual income from the... (answered by nerdybill)
Larry has an annual return of $213 from $3000 invested at simple interest, some at 5% and (answered by orca)
The income from an 8% investment is $300 more than the income from a 6% investment. How... (answered by dkppathak)
This really confuses me since it showed be put in the formula I=prt. If this was... (answered by lwsshak3)
Sarah has $2000 more invested at 8.5% than she does at 9.75%. Both investments are simple (answered by ankor@dixie-net.com)