SOLUTION: Mrs. Paster invested $100,000 in two different healthcare companies. The first earned a 6% profit, and the second earned a 12% profit. If Mrs. Paster made 2 times as much profit
Algebra.Com
Question 1156791: Mrs. Paster invested $100,000 in two different healthcare companies. The first earned a 6% profit, and the second earned a 12% profit. If Mrs. Paster made 2 times as much profit from the 12% investment as she did from the 6% investment, how much did she invest in the company that made 6%?
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
Mrs. Paster invested $100,000 in two different healthcare companies.
let investment @6% be x
and that of 12% be y
x+y = 100,000
2*6%x = 12%y
x=y
Inveted $ 50,000 in each
RELATED QUESTIONS
Here's my question:
Mrs. Pasternak invested $100,000 in two different healthcare... (answered by Theo,MathTherapy)
Mrs. Pasternak invested $100,000 in two different healthcare companies. The first earned... (answered by stanbon)
Paul invested $100,000 in two different companies. The first earned 6% and the second... (answered by josgarithmetic)
Mr. B invested $250,000 in two different auto companies. the first earned a 5% profit and (answered by Theo,MathTherapy)
I'm having trouble figuring out how to set up an equation for this word problem. Thanks... (answered by scott8148)
Max invested $15,000 in two different funds. One earned 6% interest in the first year and (answered by Boreal)
An investor invested a total of $2,800 in two mutual funds. One fund earned a 6% profit... (answered by oscargut)
An investor invested a total of $1400 in two mutual funds. One fund earned a 6% profit... (answered by ReadingBoosters)
An investor invested a total of 2800 in two mutual funds. One fund earned a 6% profit... (answered by mananth)