document.write( "Question 55136: Bob invested $20,000, part at 14% and part at 13%. If the total interest at the end of the year is $2,720, how much did he invest at 14%? \n" ); document.write( "
Algebra.Com's Answer #37399 by Hook(36)![]() ![]() ![]() You can put this solution on YOUR website! Lets call x the amount that Bob invested at 14% and y the amount that he invested at 13%. \r \n" ); document.write( "\n" ); document.write( "Combined, Bob invested 20 grand, so we have \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Additionally, we know that the sum of the amount that Bob invested at 14% and 13% is equal to $2720. In math-speak, that says:\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So we have the following system of equations:\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "My strategy will be to use the substitution method. \r \n" ); document.write( "\n" ); document.write( "Starting with \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I'll plop 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( "\n" ); document.write( "Great! Bob invested $8000 at 13%\r \n" ); document.write( "\n" ); document.write( "I'll put that back into \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the answer is Bob invested $12000 at 14%\r \n" ); document.write( "\n" ); document.write( "CHECK:\r \n" ); document.write( "\n" ); document.write( "I'll check my work by plugging x = 12000 and y = 8000 into the second equation \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |