document.write( "Question 309831:
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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 I told you the answer is $8,000, in your own words, using complete sentences, explain how you would solve the problem.
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Algebra.Com's Answer #221629 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! I WOULD USE THE STANDARD INVESTMENT FORMULA FOR A 2 PART INVESTMENT \n" ); document.write( "USING 2 DIFFERENT INTEREST FIGURES. \n" ); document.write( "WITH THE $8,000 @ 6% PLUS THE REMAINING $17,000 @ 7% EQUAL TO THE TOTAL INTERST OF $1,671. \n" ); document.write( "THUS: \n" ); document.write( ".07(25,000-8,000)+.06*8,000=1,671 \n" ); document.write( ".07*17,000+480=1,671 \n" ); document.write( "1,190+480=1,671 \n" ); document.write( "1,670~1,671 \n" ); document.write( " |