document.write( "Question 33243: 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 #19739 by Fermat(136)![]() ![]() You can put this solution on YOUR website! Let A be the amount invested at 5%. \n" ); document.write( "Let B be the amount invested at 6%. \n" ); document.write( "return on A is 0.05A \n" ); document.write( "return on B is 0.06B \n" ); document.write( "total return is $5,880 \n" ); document.write( ".: 0.05A + 0.06B = 5880 -----------------(1) \n" ); document.write( "B is greater than A by $10,000, i,e. \n" ); document.write( "B = A + 10000 \n" ); document.write( "0.06B = 0.06A + 600 ---------------------(2) \n" ); document.write( "substituting for B, from (2), into (1), \n" ); document.write( "0.05A + 0.06A + 600 = 5880 \n" ); document.write( "0.11A = 5280 \n" ); document.write( "A = 48000 \n" ); document.write( "B = 58000 \n" ); document.write( "Total Startup fund = A + B = $106,000 \n" ); document.write( "====================================== \n" ); document.write( " |