document.write( "Question 322102: Hi, I cannot remember the formula for a problem of this nature. Can anyone help.
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document.write( "A person has invested part of $27000 in a fund that paid 9% and the rest in a stock that suffered a 5% loss, I love that hidden message. Find the amount of each investment if the overall net profit was 1730.00.
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document.write( "Thanks in advance. \n" );
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Algebra.Com's Answer #230604 by checkley77(12844) ![]() You can put this solution on YOUR website! .09x-.05(27,000-x)=1,730 \n" ); document.write( ".09x-1,350+.05x=1,730 \n" ); document.write( ".14x=1,730+1,350 \n" ); document.write( ".14x=3,080 \n" ); document.write( "x=3,080/.14 \n" ); document.write( "x=$22,000 ans. for the 9% investment. \n" ); document.write( "27,000-22,000=5,000 ans. for the 5% investment. \n" ); document.write( "Proof: \n" ); document.write( ".09*22,000-.05*5,000=1,730 \n" ); document.write( "1,980-250=1,730 \n" ); document.write( "1,730=1,750\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |