document.write( "Question 241447: Mardi recieved an inheritance of $70,000. She invested part at 12% and the rest at 9%. Her total annual income from the investments was $8100. Find the amount she invested at 12%. \n" ); document.write( "
Algebra.Com's Answer #176812 by texttutoring(324)\"\" \"About 
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You have two unknowns (the amounts invested at each rate), so you need two equations.\r
\n" ); document.write( "\n" ); document.write( "Step 1: State your unknowns:\r
\n" ); document.write( "\n" ); document.write( "x = amount of $ invested at 12%
\n" ); document.write( "y = amount of $ invested at 9%\r
\n" ); document.write( "\n" ); document.write( "Step 2: Set up your equations:\r
\n" ); document.write( "\n" ); document.write( "Eqn. 1: x+y=70000
\n" ); document.write( "Eqn. 2: 0.09*x + 0.12*y = 8100\r
\n" ); document.write( "\n" ); document.write( "Step 3: Isolate for y in Eqn. 1:\r
\n" ); document.write( "\n" ); document.write( "y = 70000-x\r
\n" ); document.write( "\n" ); document.write( "Step 4: Plug this value for y into Eqn. 2, and then collect terms to isolate for x:\r
\n" ); document.write( "\n" ); document.write( "0.09*x + 0.12*y = 8100
\n" ); document.write( "0.09*x +0.12(70000-x) = 8100
\n" ); document.write( "0.09*x +0.12*70000 – 0.12*x = 8100
\n" ); document.write( "8400 – 0.03x = 8100
\n" ); document.write( "8400 - 8100 – 0.03x = 8100 - 8100
\n" ); document.write( "8400 - 8100 – 0.03x = 0
\n" ); document.write( "300 = 0.03x
\n" ); document.write( "x = 10000\r
\n" ); document.write( "\n" ); document.write( "Step 5: Now substitute this back into Eqn. 1 to find y:\r
\n" ); document.write( "\n" ); document.write( "y = 70000 – x
\n" ); document.write( "y = 70000 – 10000
\n" ); document.write( "y = 60000\r
\n" ); document.write( "\n" ); document.write( "So the two amounts invested are $10000 at 9% and $60000 at 12%.
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