document.write( "Question 308898: Not exactly sure where this type of equation fits in but I am in need of obtaining assistance.\r
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document.write( "A college student invested part of a $25,000 inheritance at 7% interest and the rest at 6%. If his annual interest is $1,671 how much did he invest at 6%? If the answer is $8,000, explain how you would solve the problem. \n" );
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Algebra.Com's Answer #220963 by ankor@dixie-net.com(22740) You can put this solution on YOUR website! A college student invested part of a $25,000 inheritance at 7% interest and the rest at 6%. \n" ); document.write( "If his annual interest is $1,671 how much did he invest at 6%? If the answer is $8,000, \n" ); document.write( ": \n" ); document.write( "Let x = amt invested at 7% \n" ); document.write( "The total is given as 25000, therefore \n" ); document.write( "(25000-x) = amt invested at 6% \n" ); document.write( ": \n" ); document.write( "Write a total interest equation \n" ); document.write( ".07x + .06(25000-x) = 1671 \n" ); document.write( "solve for x\r \n" ); document.write( "\n" ); document.write( "See if you can do this now. If not, let me know in the comment section and I will \n" ); document.write( "edit this to show you how to proceed. \n" ); document.write( " |