SOLUTION: The Shmidt Valley Investment club invested $10000 at 5.1% annual simple interest. How much additional money should they invest at an annual simple interest rate of 3.5%, so that t

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: The Shmidt Valley Investment club invested $10000 at 5.1% annual simple interest. How much additional money should they invest at an annual simple interest rate of 3.5%, so that t      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

   


Question 21690: The Shmidt Valley Investment club invested $10000 at 5.1% annual simple interest. How much additional money should they invest at an annual simple interest rate of 3.5%, so that the total annual interest earned from the two accounts is 4.4% of the total investment.
Thanks, I tries this one a million times and no can do!

Answer by Paul(988) About Me  (Show Source):
You can put this solution on YOUR website!
51x+35(10000-x)=44(10000)
51x+350000-35x=440000
16x=90000
x=5625
hence, they should invest addition of $5625