document.write( "Question 57643This question is from textbook Elementary and Intermediate Algebra
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document.write( "Fawn invested a certain amount of money at 3% interest and $1250 more than that amount at 5%. Her total yearly interest was $134.50. How much did she invest at each rate? \n" );
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Algebra.Com's Answer #39355 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Fawn invested a certain amount of money at 3% interest and $1250 more than that amount at 5%. Her total yearly interest was $134.50. How much did she invest at each rate? \n" ); document.write( "------------------ \n" ); document.write( "Let amount invest at 3% be \"x\"; interest on thatis 0.03x dollars \n" ); document.write( "Amount invested at 5% is \"x+1250\"; interest on that is 0.05x+62.5 \n" ); document.write( "EQUATION: \n" ); document.write( "interest + interest = 134.5 \n" ); document.write( "0.03x+0.05x+62.5=134.5 \n" ); document.write( "0.08x=72 \n" ); document.write( "x=$900 (amount invested at 3%) \n" ); document.write( "x+1250=900+1250=$2150 (amount invested at 5%) \n" ); document.write( "Cheers, \n" ); document.write( "Stan H.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |