document.write( "Question 365023: A man who recently won a lottery wishes to invest $100,000. Part of this amount is invested at 12% and part of it at 15%. If the total interest earning should be $14 115 per year, how much should be invested at 15% and how much at 12%.\r
\n" );
document.write( "\n" );
document.write( "I tried many solutions but this is the only one that i think is somewhat right.\r
\n" );
document.write( "\n" );
document.write( "14115 = .12x + .15x \n" );
document.write( "
Algebra.Com's Answer #260279 by nerdybill(7384)![]() ![]() You can put this solution on YOUR website! A man who recently won a lottery wishes to invest $100,000. Part of this amount is invested at 12% and part of it at 15%. If the total interest earning should be $14 115 per year, how much should be invested at 15% and how much at 12%. \n" ); document.write( "I tried many solutions but this is the only one that i think is somewhat right. \n" ); document.write( "14115 = .12x + .15x \n" ); document.write( ". \n" ); document.write( "Well, you're close...but, you can't use the same variable to represent both amounts. \n" ); document.write( ". \n" ); document.write( "Let x = amount invested at 12% \n" ); document.write( "then because his total investment was $100,000 we have \n" ); document.write( "100000-x = amount invested at 15% \n" ); document.write( ". \n" ); document.write( "14115 = .12x + .15(100000-x) \n" ); document.write( "14115 = .12x + 15000 - .15x \n" ); document.write( "14115 = 15000 - .03x \n" ); document.write( "-885 = -.03x \n" ); document.write( "$29,500 = x (amount invested at 12%) \n" ); document.write( ". \n" ); document.write( "Amount invested at 15%: \n" ); document.write( "100000-x = 100000-29500 = $70,500\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |