document.write( "Question 532899: $5,000 is invested at 3% interest. How much money must be invested at 5% interest so that the total interest from the two investments is $275 after one year? \n" ); document.write( "
Algebra.Com's Answer #350932 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! $5,000 is invested at 3% interest. How much money must be invested at 5% interest so that the total interest from the two investments is $275 after one year? \n" ); document.write( "----- \n" ); document.write( "Interest Eq::: 0.03*5000 + 0.05x = 275 \n" ); document.write( "---- \n" ); document.write( "Multiply thru by 100 to get: \n" ); document.write( "3*5000 + 5x = 27500 \n" ); document.write( "5x = 27500- 15000 \n" ); document.write( "5x = 12500 \n" ); document.write( "x = $2500 (amt. to invest at 5%) \n" ); document.write( "============== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "============== \n" ); document.write( " |