document.write( "Question 255973: If $2000 is invested at 10% simple annual interest, how much should be invested at 12% annual simple interest so that the total yearly income from both investments is $5000?
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Algebra.Com's Answer #189004 by MRperkins(300)![]() ![]() You can put this solution on YOUR website! I=PRT \n" ); document.write( "Total interest =PRT of the first investment + PRT of the second investment \n" ); document.write( "Let x=the principle of the second investment \n" ); document.write( "5000=2000(.10)(1)+x(.12)(1) \n" ); document.write( "5000=200+.12x \n" ); document.write( "4800=.12x \n" ); document.write( "x=$40,000 \n" ); document.write( "Therefore,$40,000 should be invested at 12% interest to make the total yearly income from both investments equal to $5,000. \n" ); document.write( " |