document.write( "Question 265597: if ben invests 4000 at 4% interest per year, how much additional money must he invest at 5.5% annual interest to ensure that the interest he receives each year is 4.5% of the total amount invested? \n" ); document.write( "
Algebra.Com's Answer #195281 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! .055*4,000+.04x=.045(4,000+x) \n" ); document.write( "220+.04x=180+.045x \n" ); document.write( ".04x-.045x=180-220 \n" ); document.write( "-.005x=-40 \n" ); document.write( "x=-40/-.005 \n" ); document.write( "x=$8,000 more needs to be invested @ 4% to reach the goal of 4.5% of the total. \n" ); document.write( "Proof: \n" ); document.write( ".055*4,000+.04*8,000=.045(4,000+8,000) \n" ); document.write( "220+320=.045*12,000 \n" ); document.write( "540=540 \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |