document.write( "Question 620945: MR. Hill invested $10,000, part at 5.5% and part at 6%. The interest from the 5.5% investment exceeds the interest from the interest from the 6% investment by $251. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #391476 by MathTherapy(10858) You can put this solution on YOUR website! \n" ); document.write( "MR. Hill invested $10,000, part at 5.5% and part at 6%. The interest from the 5.5% investment exceeds the interest from the interest from the 6% investment by $251. How much did he invest at each rate?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Let amounts invested at 5.5% be F\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Since the interest from the 5.5% investment exceeds the interest from the 6% investment by $251, then we can say that: \n" ); document.write( ".055(F) = .06(10,000 – F) + 251 \n" ); document.write( ".055F = 600 - .06F + 251 \n" ); document.write( ".055F + .06F = 600 + 251 \n" ); document.write( ".115F = 851\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "F, or amount invested at 5.5% = \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "This means that the amount invested at 6% = $ \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Send comments and “thank-yous” to “D” at MathMadEzy@aol.com \n" ); document.write( " |