document.write( "Question 370693: Suppose you invest $5000 in 3 different funds for a year. The funds paid simple of 8%, 10%, and 7%. The total intrest at the end of 1 year was $405, you invested $500 more at 10% than at 8%. How much did you invest in each mutal fund?\r
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document.write( "I am usually good at these, this one just throws me off. so if you could help that would be great. \n" );
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Algebra.Com's Answer #264258 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Suppose you invest $5000 in 3 different funds for a year. \n" ); document.write( "------------------------- \n" ); document.write( "The funds paid simple of 8%, 10%, and 7%. The total intrest at the end of 1 year was $405, you invested $500 more at 10% than at 8%. How much did you invest in each mutal fund? \n" ); document.write( "--- \n" ); document.write( "Equations: \n" ); document.write( "Value:::::::: e + t + s = 5000 \n" ); document.write( "Interest:: 0.08e + 0.10t + 0.07s = 405 \n" ); document.write( "Quantity::::: t = e + 500 \n" ); document.write( "------ \n" ); document.write( "Rearrange: \n" ); document.write( "e + t + s = 5000 \n" ); document.write( "8e + 10t + 7s = 40500 \n" ); document.write( " e - t + 0 = -500 \n" ); document.write( "------ \n" ); document.write( "eight% investment = $1000 \n" ); document.write( "ten% investment = $1500 \n" ); document.write( "seven% investment = $2500 \n" ); document.write( "================================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |