document.write( "Question 55083: Stan invested $5,000, part at 8% and part at 17%. If the total interest at the end of the year is $490, how much did he invest at 8%? I got 3000.00 is this correct? \n" ); document.write( "
Algebra.Com's Answer #37322 by Hook(36)![]() ![]() ![]() You can put this solution on YOUR website! Big picture...why didn't Stan invest all his money at 17%? Don't take investment advice from Stan. \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Ok..let's make up some variables to start:\r \n" ); document.write( "\n" ); document.write( "We'll call x the amount that Stan invested at 8% and y the amount that he invested at 17%. \r \n" ); document.write( "\n" ); document.write( "We know he invested 5 bills, so we get the following equation:\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Also, his combined interest income was $490. So 8% of x plus 17% of y must be $490. In math-speak:\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Here, we've got the following system of equations: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I'll use the substitution method and solve for x in the first equation \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now, I'll plug that into the second equation \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Alright! y = 1000! \n" ); document.write( "if we plug that into \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Ok. My answers are different than yours. I'll check my work. \r \n" ); document.write( "\n" ); document.write( "CHECK: \n" ); document.write( "Using the second original equation: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Stan invested $4000 at 8%. Dumbass. Don't let Stan run your investments.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |