document.write( "Question 179512: I have been at this math problem for quiet a while now. I would really like it if you can help me out. The answer may be so easy to get, but I just can't figure it out. Please help. \r
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document.write( "The word problem is as followed:
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document.write( "Mr. X invested an amount for 7% and twice that amount for 8%. At the end of the year the income was $11500. What was the amount invested at 7%? amount invested at 8%?\r
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document.write( "Thanks so much .. your help is greatly appreciated!
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Algebra.Com's Answer #134459 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Mr. X invested an amount for 7% and twice that amount for 8%. At the end of the year the income was $11500. What was the amount invested at 7%? amount invested at 8%? \n" ); document.write( "------------------- \n" ); document.write( "Equation: \n" ); document.write( "interest + interest = 11500 \n" ); document.write( "0.07x + 0.08(2x) = 11500 \n" ); document.write( "--------- \n" ); document.write( "Multiply thru by 100 to get: \n" ); document.write( "7x + 16x = 1,150,000 \n" ); document.write( "23x = 1,150,000 \n" ); document.write( "x = $50,000 (amt. invested at 7%) \n" ); document.write( "2x = $100,000 (amt. invested at 8%) \n" ); document.write( "======================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |