document.write( "Question 218111: I can not figure out how to set this problem up. I have tried to solve it multiple times. Here is the question:\r
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document.write( "How can $4,000.00 be invested, part at 6% and the remainder at 10% so that the two investments will produce the same interest?\r
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document.write( "Thank you for your help.\r
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document.write( "Mandy \n" );
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Algebra.Com's Answer #164329 by MathTherapy(10552)![]() ![]() You can put this solution on YOUR website! I can not figure out how to set this problem up. I have tried to solve it multiple times. Here is the question:\r \n" ); document.write( "\n" ); document.write( "How can $4,000.00 be invested, part at 6% and the remainder at 10% so that the two investments will produce the same interest?\r \n" ); document.write( "\n" ); document.write( "Thank you for your help.\r \n" ); document.write( "\n" ); document.write( "Mandy\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Let the amount invested at 6% be S. Then the amount invested at 10% = 4,000 - S\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Since the interest amounts earned from both investments are equal, then we'll have:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".06S = .1(4,000 - S)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".06S = 400 - .1S\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".06S + .1S = 400\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".16S = 400\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Therefore, amount invested at S, or 6% = \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "---------- \n" ); document.write( "Check \n" ); document.write( "----------\r \n" ); document.write( "\n" ); document.write( "2,500 * .06 = $150\r \n" ); document.write( "\n" ); document.write( "1,500 * .1 = $150\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Both interest amounts are the same. \n" ); document.write( " |