document.write( "Question 147579: an amount of $5000 is put into three investments at rates 6%, 7%, and %8 per annum, respectively. The total annual income is $358. The income from the first two investments is $70 more than the income from the third investment. Find the amount of each investment. \n" ); document.write( "
Algebra.Com's Answer #107995 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! n amount of $5000 is put into three investments at rates 6%, 7%, and %8 per annum, respectively. The total annual income is $358. The income from the first two investments is $70 more than the income from the third investment. Find the amount of each investment \n" ); document.write( ": \n" ); document.write( "Let x = 6% amt (1st investment) \n" ); document.write( "Let y = 7% amt (2nd investment) \n" ); document.write( "Let z = 8% amt (3rd investment) \n" ); document.write( ": \n" ); document.write( "The total invested equation: \n" ); document.write( "x + y + z = 5000 \n" ); document.write( ": \n" ); document.write( "The total annual income equation: \n" ); document.write( ".06x + .07y + .08z = 358 \n" ); document.write( ": \n" ); document.write( "It says,\"The income from the first two investments is $70 more than the income from the third investment.\" equation for this: \n" ); document.write( ".06x + .07y = .08z + 70 \n" ); document.write( ".06x + .07y - .08z = 70 \n" ); document.write( ": \n" ); document.write( "Use elimination by subtracting the above equation from the total income equation \n" ); document.write( ".06x + .07y + .08z = 358 \n" ); document.write( ".06x + .07y - .08z = 70 \n" ); document.write( "------------------------- subtraction eliminates x and y \n" ); document.write( "0x + 0y + .16z = 268 \n" ); document.write( "z = \n" ); document.write( "z = $1800 invested at 8% \n" ); document.write( ": \n" ); document.write( "Using the total equation; z = 1800 \n" ); document.write( "x + y + 1800 = 5000 \n" ); document.write( "x + y = 5000 - 1800 \n" ); document.write( "x + y = 3200 \n" ); document.write( "y = (3200-x); use for substitution \n" ); document.write( ": \n" ); document.write( "Using the total income equation: z = 1800 \n" ); document.write( ".06x + .07y + .08(1800) \n" ); document.write( ".06x + .07y + 144 = 358 \n" ); document.write( ".06x + .07y = 358 - 144 \n" ); document.write( ".06x + .07y = 214 \n" ); document.write( ": \n" ); document.write( "Substitute (3200-x) for y, find x \n" ); document.write( ".06x + .07(3200-x) = 214 \n" ); document.write( ".06x + 224 - .07x = 214 \n" ); document.write( ".06x -.07x = 214 - 224 \n" ); document.write( "-.01x = -10 \n" ); document.write( "x = \n" ); document.write( "x = $1000 amt invested at 6% \n" ); document.write( ": \n" ); document.write( "I'll let you find y, the 7% investment \n" ); document.write( " \n" ); document.write( " |