document.write( "Question 516249: I made it through 25 other questions but this one stumped me: A teacher has a choice of two investment plans: an insured fund that has an average of 11% interest per year, or a riskier investment that has an average 13% return. If the same amount invested at the higher rate would generate an extra $100 per year, how much does the teacher have to invest? \n" ); document.write( "
Algebra.Com's Answer #344312 by mananth(16946)![]() ![]() You can put this solution on YOUR website! A teacher has a choice of two investment plans: an insured fund that has an average of 11% interest per year, or a riskier investment that has an average 13% return. If the same amount invested at the higher rate would generate an extra $100 per year, how much does the teacher have to invest?\r \n" ); document.write( "\n" ); document.write( "13%x-11%x=100 \n" ); document.write( "multiply by 100\r \n" ); document.write( "\n" ); document.write( "13x-11x=100*100 \n" ); document.write( "2x=10,000 \n" ); document.write( "x=5000 \n" ); document.write( " |