document.write( "Question 179560: 3. Walt made an extra $12,000 last year from a part-time job. He invested part of the money at 7% and the rest at 9%. He made a total of $970 in interest. How much was invested at 7%?\r
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Algebra.Com's Answer #134505 by Earlsdon(6294)![]() ![]() ![]() You can put this solution on YOUR website! Let x = the amount Walt invested at 7%, so the remainder ($12000-x) was invested at 9%. \n" ); document.write( "The interest earned on these two amounts can be expressed as: \n" ); document.write( "(7%)(x) + (9%)($12000-x) and the sum of these two amounts is given as $970.00 \n" ); document.write( "Now you can write the equation that will allow you to so;ve for x, the amount invested at 7%. \n" ); document.write( "First, change the percentages to their decimal equivalents: \n" ); document.write( "(7% = 0.07) and (9% = 0.09) \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "$5,500.00 was invested at 7% while $12000-$5500 = $6,500.00 was invested at 9% \n" ); document.write( " |