document.write( "Question 274178: 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
\n" );
document.write( "\n" );
document.write( "You inherit $10,000 with the stipulation that for the first year the money must be invested
\n" );
document.write( "in two stocks paying 6% and 11% annual interest, respectively. How much should be
\n" );
document.write( "invested at each rate if the total interest earned for the year is to be $700? \n" );
document.write( "
Algebra.Com's Answer #200111 by solver91311(24713) You can put this solution on YOUR website! \r \n" ); document.write( "\n" ); document.write( "Let \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The amount of interest earned on the 11% investment is then \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Just solve for \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |