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
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document.write( "I tried the question and got it wrong. I did:\r
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document.write( ".07x+5.5(2x)=490
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document.write( ".07x+11x=490
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document.write( "11.07x=490
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document.write( "x=44.26\r
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document.write( "4y=10000
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document.write( "y=2500\r
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document.write( "$44.26=7%
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document.write( "$88.52=5.5%
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document.write( "$2500=4% \n" );
document.write( "
Algebra.Com's Answer #428112 by MathTherapy(10552)![]() ![]() 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 \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Amount invested in the \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 \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 \n" ); document.write( " |