document.write( "Question 188298This question is from textbook Teaching Textbook
\n" );
document.write( ": Annie-Sophie invested some of her $20,000 in bonds that made an 8% profit and the rest in bonds that made a 7% profit. If the profit on the 8% bonds was $700 more than the profit on the 7% bonds, how much did Anne-Sophie invest in the 7% bonds? \n" );
document.write( "
Algebra.Com's Answer #141430 by jojo14344(1513)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "Let x = money invested money that made 8% profit\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Then, $20,000 - x = money invested at 7% profit\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Also, let y = profit for 7% bonds\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Then again, $700 + y = profit for 8%, $700 more than profit on 7%.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Putting into eqn for 8%: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Putting into eqn for 7%: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "In Eqn 1 we get, \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = $14,000 money invested for 8%\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "$20,000 - $14,000 = $6,000 money invested for 7%.( Answer)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Let's check the Profit\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For 7% \n" ); document.write( "$6000 x 0.07 = $420 \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For 8% \n" ); document.write( "$14,000 x 0.08 = $1120 \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Profit (8%) - Profit (7%) = $1120 - $420 = $700 \n" ); document.write( "That is right, $700 more on 8%.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Thank you, \n" ); document.write( "Jojo\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |