document.write( "Question 351765: Tim invested $86,600 in two plans. Plan 1 is at an APR of 6% and plan 2 is at an APR of 11%. If he invested $8,000.00 less in plan 2 than in plan 1, how much can he expect to earn in one year? \n" ); document.write( "
Algebra.Com's Answer #251372 by checkley77(12844) ![]() You can put this solution on YOUR website! X+(X-8,000)=86,600 \n" ); document.write( "2X=86,600+8,000 \n" ); document.write( "2X=94,600X=94,600 \n" ); document.write( "X=94,600/2 \n" ); document.write( "X=47,300 \n" ); document.write( ".06X+.11(X-8,000) \n" ); document.write( ".06*47,300+.11(47,300-8,000) \n" ); document.write( "2,838+.11*39300 \n" ); document.write( "2,838+4323=$7,161 AMOUNT OF THE INTEREST. \n" ); document.write( " \n" ); document.write( " |