document.write( "Question 195256: Jess invested $30 more at 6% than at 5%. If the total annual interest is $100, how much is invested at each rate?\r
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document.write( "I've tried working this out but to know avail. I'm helping my son and I'm lost. Thanks \n" );
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Algebra.Com's Answer #146454 by stanbon(75887) ![]() You can put this solution on YOUR website! Jess invested $30 more at 6% than at 5%. If the total annual interest is $100, how much is invested at each rate? \n" ); document.write( "---------------------------- \n" ); document.write( "Equations: \n" ); document.write( "Quantity Eq. : x = y + 30 \n" ); document.write( "Interest Eq. :0.06x + 0.05y = 100 \n" ); document.write( "------------------------------------------ \n" ); document.write( "Substitute: \n" ); document.write( "0.06(y+30) + 0.05y = 100 \n" ); document.write( "Multiply thru by 100 to get: \n" ); document.write( "6(y+30) + 5y = 10000 \n" ); document.write( "6y + 180 + 5y = 10000 \n" ); document.write( "11y = 9820 \n" ); document.write( "y = $892.73 (amount invested at 5%) \n" ); document.write( "x = y + 30 = 892.73 + 30 = $922.73 (amount invested at 6%) \n" ); document.write( "============================================================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |