document.write( "Question 694590: Jack has $10,000 to invest in three accounts. He invests part of the money at 7% annual interest and twice that amount in an account paying 5.5% annual interest. The remaining money is invested at 4% annual interest. How much was invested in Each account if the total annual income from the three investments was $490?\r
\n" ); document.write( "\n" ); document.write( "I tried the question and got it wrong. I did:\r
\n" ); document.write( "\n" ); document.write( ".07x+5.5(2x)=490
\n" ); document.write( ".07x+11x=490
\n" ); document.write( "11.07x=490
\n" ); document.write( "x=44.26\r
\n" ); document.write( "\n" ); document.write( "4y=10000
\n" ); document.write( "y=2500\r
\n" ); document.write( "\n" ); document.write( "$44.26=7%
\n" ); document.write( "$88.52=5.5%
\n" ); document.write( "$2500=4%
\n" ); document.write( "

Algebra.Com's Answer #428112 by MathTherapy(10552)\"\" \"About 
You can put this solution on YOUR website!
Jack has $10,000 to invest in three accounts. He invests part of the money at 7% annual interest and twice that amount in an account paying 5.5% annual interest. The remaining money is invested at 4% annual interest. How much was invested in Each account if the total annual income from the three investments was $490?\r
\n" ); document.write( "\n" ); document.write( "I tried the question and got it wrong. I did:\r
\n" ); document.write( "\n" ); document.write( ".07x+5.5(2x)=490
\n" ); document.write( ".07x+11x=490
\n" ); document.write( "11.07x=490
\n" ); document.write( "x=44.26\r
\n" ); document.write( "\n" ); document.write( "4y=10000
\n" ); document.write( "y=2500\r
\n" ); document.write( "\n" ); document.write( "$44.26=7%
\n" ); document.write( "$88.52=5.5%
\n" ); document.write( "$2500=4%\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Sorry to say but you're way off!!\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Let amount invested in the 7% and 4% interest-accounts be S, and F, respectively
\n" ); document.write( "Amount he invested in account paying 5.5% = 2S
\n" ); document.write( "Therefore, S + F + 2S = 10,000 ---- 3S + F = 10,000 ----- eq (i)
\n" ); document.write( "Also, .07S + .055(2S) + .04(F) = 490 --- .07S + .11S + .04F = 490 --- .18S + .04F = 490 --- eq (ii)
\n" ); document.write( "- .12S - .04F = - 400 ------ Multiplying eq (i) by - .04
\n" ); document.write( ".06S = 90 ---- Adding eqs (ii) & (i)
\n" ); document.write( "S, or amount invested in the \"highlight%287%29\"% interest-account = \"90%2F.06\", or $\"highlight_green%281500%29\"\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Amount invested in the \"highlight%285.5%29\"% interest-account = 2(1,500), or $\"highlight_green%283000%29\"\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "3(1,500) + F = 10,000 ------ Substituting 1,500 for S in eq (i)
\n" ); document.write( "4,500 + F = 10,000
\n" ); document.write( "F, or amount invested in the \"highlight%284%29\"% interest-account = 10,000 – 4,500, or $\"highlight_green%285500%29\"\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "You can do the check!!\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Send comments and “thank-yous” to “D” at MathMadEzy@aol.com
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