document.write( "Question 314449: Deborah splits $20,000 between Bryce Bond Fund with an annual yield of 8% and Strauss Stock Fund with an annual yield of 12%. If her total income for one year on the two investments was $1,836.88, then how much did she invest in each fund?\r
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document.write( "Please Help? \n" );
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Algebra.Com's Answer #224817 by texttutoring(324)![]() ![]() You can put this solution on YOUR website! Let x=amount invested at 8% \n" ); document.write( "Let y=amount invested at 12%\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "You have two variables, so you need two equations.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Equation 1: x+y=20000 (the sum of her initial investments) \n" ); document.write( "Equation 2: 0.08x + 0.12y = 1836.88 (the sum of her investment earnings)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now you can isolate for x or y in Equation 1. I will choose to isolate for x:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x=20000-y\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now substitute this value into Equation 2, and then solve for y:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "0.08(20000-y) +0.12y = 1836.88 \n" ); document.write( "1600-0.08y +0.12y = 1836.88 \n" ); document.write( "1600 +0.04y = 1836.88 \n" ); document.write( "0.04y = 236.88 \n" ); document.write( "y=5922\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now plug this y value into Equation 2 to find x:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x=20000-y \n" ); document.write( "x=20000-5922 \n" ); document.write( "x=14078 \n" ); document.write( " |