document.write( "Question 38954: One sum is invested at 5% and three times as much at 8%. The total annual interest is $580. How large is each sum?
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document.write( "(this is not from a text) I have a problem with both answers.
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document.write( "Please help, Thank You. \n" );
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Algebra.Com's Answer #24399 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! Let x be the amount invested at 5%. \n" ); document.write( "Thus 3x was invested at 8%. \n" ); document.write( "The total interest is $580. \n" ); document.write( "Here's the setup: \n" ); document.write( "(.05)x + (.08)(3x) = 580 \n" ); document.write( "multiply by 100 to clear decimals \n" ); document.write( "5x + 24x = 58000 \n" ); document.write( "29x = 58000 \n" ); document.write( "x = $2000 at 5% \n" ); document.write( "3x = $6000 at 8% \n" ); document.write( " |