document.write( "Question 190685: Mike invested $7000 for one year. He invested part of it at 8% and the rest at 21%. At the end of the year he earned $764 in interest. How much did he invest at each rate?\r
\n" );
document.write( "\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #143193 by jojo14344(1513)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "Let , x= amount inv. at 8% \n" ); document.write( "And, $7,000 - x = amount inv. at 21%\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It follows, \n" ); document.write( "Interest at 8% + Interest at 21% = $764\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "x = $5430.77 amount for 8% \n" ); document.write( "And, $7,000 - $5430.77 = $1,569.23, amount for 21%\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Check, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Thank you. \n" ); document.write( "Jojo \n" ); document.write( " |