document.write( "Question 413198: how would you invest $6400, part at 8% per annum and the remainder at 6% per annum so that at the end of one year the interest from the 8% invesment will be double the interest from the 6% invesment \n" ); document.write( "
Algebra.Com's Answer #290067 by lwsshak3(11628)![]() ![]() ![]() You can put this solution on YOUR website! how would you invest $6400, part at 8% per annum and the remainder at 6% per annum so that at the end of one year the interest from the 8% invesment will be double the interest from the 6% invesment\r \n" ); document.write( "\n" ); document.write( "..\r \n" ); document.write( "\n" ); document.write( "let x=dollars invested at 8% per annum \n" ); document.write( "then 6400-x = remaining dollars invested at 6% per annum \n" ); document.write( "interest earned from 8% investment=twice that of 6% investment \n" ); document.write( ".08x/.06(6400-x)=2 \n" ); document.write( ".08x=.12(6400-x)=768-.12x \n" ); document.write( ".2x=768 \n" ); document.write( "x=768/.2=$3840 \r \n" ); document.write( "\n" ); document.write( "ans:\r \n" ); document.write( "\n" ); document.write( "You would invest $3840 at 8% interest and $2560 at 6% interest.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |