document.write( "Question 209296: Shelby inherited 1,000,000. He invested part of the money in a thoroughbred horse-breeding farm and the rest in a southern plantation. If shelby earns 12% on the farm and 2% on the plantation, for a combined profit of 50,000 how much did he invest in the farm? \n" ); document.write( "
Algebra.Com's Answer #158229 by stanbon(75887) ![]() You can put this solution on YOUR website! Shelby inherited 1,000,000. He invested part of the money in a thoroughbred horse-breeding farm and the rest in a southern plantation. If shelby earns 12% on the farm and 2% on the plantation, for a combined profit of 50,000 how much did he invest in the farm? \n" ); document.write( "----------------------------------- \n" ); document.write( "Quantity Equation: f + p = 1,000,000 \n" ); document.write( "Interest Equation:0.12f + 0.02p = 50000 \n" ); document.write( "------------------------------------ \n" ); document.write( "Modify the equations and solve for \"f\": \n" ); document.write( "2f + 2p = 2,000,000 \n" ); document.write( "12f+ 2p = 5,000000\r \n" ); document.write( "\n" ); document.write( "10f = 3,000,000 \n" ); document.write( "f = 300,000 (amt. invested on the farm) \n" ); document.write( "=========================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |