document.write( "Question 33156: Norma invested the start-up capital for her Internet business in two hedge funds. After one year one of the funds returned 5% and the other returned 6% for a total return of $5880. If the amount on which she made 6% was $10,000 larger than the amount on which she made 5%, then what was the original amount of her start-up capital? \n" ); document.write( "
Algebra.Com's Answer #19679 by mukhopadhyay(490)![]() ![]() ![]() You can put this solution on YOUR website! Investment at 5% = x dollars; \n" ); document.write( "Investment at 6% = 10000+x; \n" ); document.write( "Earnings in 1 year from 5% investment = .05x; \n" ); document.write( "Earnings in 1 year from 6% investment = .06(10000+x); \n" ); document.write( "Total earnings in 1 year = $5,880 \n" ); document.write( "=> .05x + .06(10000+x) = 5880 \n" ); document.write( "=> .11x + 600 = 5880 \n" ); document.write( "=> x = 5280/.11 = 48000; \n" ); document.write( "Answer: The original amount of her start-up capital is $48,000+$58,000=$106,000 \n" ); document.write( " |