document.write( "Question 271685: Piolo invested part of 35,000 in a stock paying 9% interest for 2 yrs and the balance in a stock paying 6% interest for 4 years. It turns out that the two investment earned equal interest. How much was invested at each rate? What is the total interest earned? \n" ); document.write( "
Algebra.Com's Answer #198839 by checkley77(12844) ![]() You can put this solution on YOUR website! x(1+.09)^2=(35,000-x)(1+.06)^4 \n" ); document.write( "x*1.09^2=(35,000-x)(1.06)^4 \n" ); document.write( "x*1.1881=(35,000-x)*1.2625 \n" ); document.write( "1.1881x=44187.50-1.2625x \n" ); document.write( "1.1881x+1.2625x=44,187.50 \n" ); document.write( "2.4506x=44,187.50 \n" ); document.write( "x=44,187.50/2.4506 \n" ); document.write( "x=18,031.30 invested @ 9% \n" ); document.write( "35,000-18,031.30=16,968.70 invested @ 6% \n" ); document.write( "Proof: \n" ); document.write( "18,031.30*1.09^2=16,968.70*1.06^4 \n" ); document.write( "18,031.30*1.1881=16,968.70*1.2625 \n" ); document.write( "21,422.98~21,422.98 \n" ); document.write( " |