document.write( "Question 150124: an executive invest $22000, some at 7% and some at6% annual interest. If he recieves an annual return of $1420, how much is invested in each rate? \n" ); document.write( "
Algebra.Com's Answer #110218 by checkley77(12844) ![]() You can put this solution on YOUR website! .07X+.06(22,000-X)=1,420 \n" ); document.write( ".07X+1,320-.06X=1,420 \n" ); document.write( ".02X=1,420-1,320 \n" ); document.write( ".01X=100 \n" ); document.write( "X=100/.01 \n" ); document.write( "X=$10,000 INVESTED @ 7%. \n" ); document.write( "22,000-10,000=$12,000 INVESTED @ 6%. \n" ); document.write( "PROOF \n" ); document.write( ".07*10,000+.06*12,000=1,420 \n" ); document.write( "700+720=1,420 \n" ); document.write( "1,420=1,420\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |