document.write( "Question 317353: Need help solving other problems. I never know where to start with forming an equation.\r
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document.write( "1. Investing 30,000, part at 5% and the rest at 10%. What is the most I can invest
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document.write( "at 5% and still be guaranteed at least $2000 in interest per year?\r
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document.write( "2. If I can be paid for my skills in one of two ways, with 2 different plans.
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document.write( "Plan A: pays $300 plus $9.00 per hour.\r
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document.write( "Plan B: Straight $12.50 per hour\r
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document.write( "Now suppose that the job takes n hours. For what value of n is plan b better for me. \r
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document.write( "Please just explain how to figure out the equations, I would like to solve the equation myself if possible. \n" );
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Algebra.Com's Answer #227224 by stanbon(75887) ![]() You can put this solution on YOUR website! 1. Investing 30,000, part at 5% and the rest at 10%. What is the most I can invest at 5% and still be guaranteed at least $2000 in interest per year? \n" ); document.write( "--- \n" ); document.write( "Using two variable and two equations you get: \n" ); document.write( "--- \n" ); document.write( "Quantity Equation: x + y = 30,000 dollars \n" ); document.write( "Interest Equation: 0.05x + 0.10y = 2000 dollars \n" ); document.write( "--- \n" ); document.write( "Multiply thru the 1st equation by 10. \n" ); document.write( "Multiply thru the 2nd equation by 100: \n" ); document.write( "Quant: 10x + 10y = 300000 \n" ); document.write( "Inter: 5x + 10y = 200000 \n" ); document.write( "----- \n" ); document.write( "Subtract the 2nd from the 1st and solve for \"x\": \n" ); document.write( "5x = 100,000 \n" ); document.write( "x = $20,0000 (amt. to be invested at 5% \n" ); document.write( "==================================================== \n" ); document.write( "--------------------------------------------------------- \n" ); document.write( " \n" ); document.write( "2. If I can be paid for my skills in one of two ways, with 2 different plans. \n" ); document.write( "Plan A: pays $300 plus $9.00 per hour. \n" ); document.write( "Equation A: A(n) = 300 + 900n \n" ); document.write( "------------------------------------ \n" ); document.write( "Plan B: Straight $12.50 per hour \n" ); document.write( "Equation B: B(n) = 12.50n \n" ); document.write( "------------------------------------- \n" ); document.write( "Now suppose that the job takes n hours. For what value of n is plan b better for me. \n" ); document.write( "--- \n" ); document.write( "Solve for \"n\": \n" ); document.write( "12.50n > 300 + 9n \n" ); document.write( "--- \n" ); document.write( "3.5n > 300 \n" ); document.write( "n > 85.71 \n" ); document.write( "Round up to get: \n" ); document.write( "n >= 86 hours. \n" ); document.write( "====================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "================== \n" ); document.write( " \n" ); document.write( "Please just explain how to figure out the equations \n" ); document.write( " |