document.write( "Question 274150: I forget the steps on how to do this problem! My midterm is in a few hours, if you could help it would be much aprpeciated.\r
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document.write( "You inherit $10,000 with the stipulation that for the first year the money must be invested
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document.write( "in two stocks paying 6% and 11% annual interest, respectively. How much should be
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document.write( "invested at each rate if the total interest earned for the year is to be $700? \n" );
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Algebra.Com's Answer #200103 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! x and 10000-x \n" ); document.write( ".06x+.11*(10000-x)=700\r \n" ); document.write( "\n" ); document.write( "x=8000 at 6 % \n" ); document.write( "2000 at 11% \n" ); document.write( " |