document.write( "Question 526175: Jane's employer gave her a bonus of $1600. She decided to invest all the money, some at 5%, some at 7%, and some at 8%. She invested three times more money at 8% than she did at 5%. At the end of one year the total interest she earned was $115.
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document.write( "a) solve the problem
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document.write( "b) If you did not know that jane invested three times more money at 8% than she did at 5%, could you still solve the problem? Why or Why not? \n" );
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Algebra.Com's Answer #348554 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! Jane's employer gave her a bonus of $1600. \n" ); document.write( " She decided to invest all the money, some at 5%, some at 7%, and some at 8%. \n" ); document.write( "She invested three times more money at 8% than she did at 5%. \n" ); document.write( " At the end of one year the total interest she earned was $115. \n" ); document.write( ": \n" ); document.write( "a) Solve the problem \n" ); document.write( "Let a = amt invested at 5% \n" ); document.write( "Let b = amt invested at 7% \n" ); document.write( "Let c = amt invested at 8% \n" ); document.write( ": \n" ); document.write( "total amt invested \n" ); document.write( "a + b + c = 1600 \n" ); document.write( ": \n" ); document.write( "total interest equation \n" ); document.write( ".05a + .07b + .08c = 115 \n" ); document.write( ": \n" ); document.write( "Equation for the statement: \n" ); document.write( "\"She invested three times more money at 8% than she did at 5%.\" \n" ); document.write( "c = 3a \n" ); document.write( ": \n" ); document.write( "Replace c with 3a in the amt invested and the interest equation \n" ); document.write( "a + b + 3a = 1600 \n" ); document.write( "4a + b = 1600 \n" ); document.write( "arrange for substitution \n" ); document.write( "b = (-4a + 1600) \n" ); document.write( "and the interest equation \n" ); document.write( ".05a + .07b + .08(3a) = 115 \n" ); document.write( ".05a + .07b + .24a = 115 \n" ); document.write( ".29a + .07b = 115 \n" ); document.write( "Replace b with (-4a+1600), find a \n" ); document.write( ".29a + .07(-4a+1600) = 115 \n" ); document.write( ".29a - .28a + 112 = 115 \n" ); document.write( ".01a = 115 - 112 \n" ); document.write( ".01a = 3 \n" ); document.write( "a = \n" ); document.write( "a = $300 invested at 5% \n" ); document.write( "then \n" ); document.write( "b = -4(300) + 1600 \n" ); document.write( "b = -1200 + 1600 \n" ); document.write( "b = $400 invested at 7% \n" ); document.write( ": \n" ); document.write( "and we know c = 3a, therefore \n" ); document.write( "c = 3(300) \n" ); document.write( "c = $900 invested at 8% \n" ); document.write( ": \n" ); document.write( "Check solutions in the interest equation \n" ); document.write( ".05(300) + .07(400) + .08(900) = 0 \n" ); document.write( "15 + 28 + 72 = 115 \r \n" ); document.write( "\n" ); document.write( "b) If you did not know that jane invested three times more money at 8% than she did at 5%, could you still solve the problem? Why or Why not? \n" ); document.write( ": \n" ); document.write( " No. Generally you need the same number of equations as there are unknowns \n" ); document.write( "If you did not know a = 3c, you would have only two equations, and three unknowns \n" ); document.write( " |