document.write( "Question 53066: In one year, Cholena Youngblood earned the same amount of interest from an investment at 8%annual interest as an investment at 12% percent annual interest.She had invested $1500 more at 8%.How much money did she invest at 12%. \n" ); document.write( "
Algebra.Com's Answer #35419 by ankor@dixie-net.com(22740) You can put this solution on YOUR website! In one year, Cholena Youngblood earned the same amount of interest from an investment at 8% annual interest as an investment at 12% percent annual interest. She had invested $1500 more at 8%.How much money did she invest at 12%. \n" ); document.write( ": \n" ); document.write( "Let x = amt invested 12% \n" ); document.write( ": \n" ); document.write( "Then [x+1500] = amt invested at 8% \n" ); document.write( ": \n" ); document.write( " The problems states: \n" ); document.write( "8% int = 12% int \n" ); document.write( ": \n" ); document.write( ".12* x = .08*(x + 1500) \n" ); document.write( ": \n" ); document.write( ".12x = .08x + 120 \n" ); document.write( ": \n" ); document.write( ".12x - .08x = 120 \n" ); document.write( ": \n" ); document.write( ".04x = 120 \n" ); document.write( ": \n" ); document.write( " x = 120/.04 \n" ); document.write( ": \n" ); document.write( " x = $3000 invested at 12% \n" ); document.write( ": \n" ); document.write( "amt invested at 8%: 3000 + 1500 = $4500 \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "Check: .12(3000) = .08(4500) \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |