document.write( "Question 213021: I'ts been a while since I've solved these kinds of questions (ok 20+ years!) so I need a refresher. I looked a similar problems on-line, but am struggling with how to set it up. Here's the problem:
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document.write( "Sam invested $5000 for one year, part at 9% annual interest and the rest at 12% annual interest. The interest from the investment at 9% was $198 more than the interest from the investment at 12%. How much money did she invest at 9%? \n" );
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Algebra.Com's Answer #160923 by MathTherapy(10556) You can put this solution on YOUR website! \n" ); document.write( "Let the amount invested at 9% be N \n" ); document.write( "Then the amount invested at 12% is 5,000 - N\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now, the interest earned at 9%, less $198 equals the einterest earned at 12%\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Therefore, we'll have: .09N - 198 = .12(5,000 - N)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".09N - 198 = 600 - .12N\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".09N + .12N = 600 + 198\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".21N = 798\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "We can conclude that N, or the amount invested at 9% is: $ \n" ); document.write( "\n" ); document.write( "-------- \n" ); document.write( "Check \n" ); document.write( "--------\r \n" ); document.write( "\n" ); document.write( "Amount invested at 9% = $3,800, and interest earned at 9% = (.09 * 3,800) = $342\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Amount invested at 12% = $1,200 (5,000 - 3,800), and interest earned at 12% = (.12 * 1,200) = $144\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Difference: $198 ($342 - $144), with 9% interest earned ($342) being $198 more than 12% interest earned ($144). \n" ); document.write( " |