document.write( "Question 519279: Marco invests his summer earnings of $2440. He invests part of the money at 8% per year and the rest at 7.5% per year. After one year these investments earned $193 in simple interest. How much did Marco invest at each rate? \r
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document.write( "My solution also has to have \"let\" statements. \n" );
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Algebra.Com's Answer #345490 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Investment I 8.00% per annum ---x \n" ); document.write( "Investment II 7.50% per annum ---y \n" ); document.write( " \n" ); document.write( "x + y= 2440 ------------------------1 \n" ); document.write( "8.00% x + 7.50% y= = $193.00 \n" ); document.write( "Multiply by 100 \n" ); document.write( "8 x + 7.5 y= = $19,300.00 --------2 \n" ); document.write( " \n" ); document.write( "Multiply (1) by -8 \n" ); document.write( "we get \n" ); document.write( " \n" ); document.write( "-8 x -8 y= = -19520.00 \n" ); document.write( " \n" ); document.write( "Add this to (2) \n" ); document.write( " \n" ); document.write( "-0.5y= =-$220.00 \n" ); document.write( " \n" ); document.write( "divide by -0.5 \n" ); document.write( " \n" ); document.write( "y =$440.00 investment at 7.50% \n" ); document.write( "Balance $2,000.00 investment at 8.00% \n" ); document.write( "CHECK \n" ); document.write( "$2,000.00 --------- 8.00% ------- $160.00 \n" ); document.write( "$440.00 ------- 7.50% ------- $33.00 \n" ); document.write( "Total -------------- $193.00 \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |