document.write( "Question 38951: Mr. Turner invested a sum of money at 7% and twice that sum at 3%. His yearly return was $390. How much did Mr. Turner invest at each rate?
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document.write( "(This problem is not from a textbook). Please help, Thank You \n" );
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Algebra.Com's Answer #24397 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! Let x be what he invested at 7%. \n" ); document.write( "Thus 2x is what was invested at 3%. \n" ); document.write( "So we have \n" ); document.write( "(.07)x + (.03)(2x) = 390 \n" ); document.write( "multiply by 100 to clear decimals \n" ); document.write( "7x + 6x = 39000 \n" ); document.write( "13x = 39000 \n" ); document.write( "x = $3000 at 7% \n" ); document.write( "2x = $6000 at 3% \n" ); document.write( " |