document.write( "Question 456727: Sarah has $2000 more invested at 8.5% than she does at 9.75%. Both investments are simple interest rates. If the annual return from each investment is the same, how much is invested at each rate?\r
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document.write( "(I know how to calculate if given the return. However, without return I'm confused. I attempted plugging the number 2 - as both returns are the same - in on the other side of the equation but that didn't work).\r
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document.write( "Thanks. \n" );
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Algebra.Com's Answer #313509 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! Sarah has $2000 more invested at 8.5% than she does at 9.75%. \n" ); document.write( " Both investments are simple interest rates. \n" ); document.write( " If the annual return from each investment is the same, how much is invested at each rate? \n" ); document.write( ": \n" ); document.write( "Let x = amt invested at 9.75% \n" ); document.write( "then \n" ); document.write( "(x+2000) = amt invested at 8.5% \n" ); document.write( ": \n" ); document.write( ".0975x = .085(x+2000) \n" ); document.write( "solve for x \n" ); document.write( " |