document.write( "Question 697573: Mark invested $4000 at simple annual interest, some at 5% and the rest at 8%. If he received $272 in interest for one year, how much did he invest at each rate?\r
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document.write( "I have absolutely no idea how to do this problem. Can anyone help me? \n" );
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Algebra.Com's Answer #430101 by lynnlo(4176) ![]() You can put this solution on YOUR website! x=amount invested at 5% \n" ); document.write( "y-------------------8% \n" ); document.write( "x+y=$4000 \n" ); document.write( ".05*x+.08y=272 \n" ); document.write( "x=$4000-y \n" ); document.write( ".05(4000-y)+.08y=272 \n" ); document.write( "200-.05y+.08y=272 \n" ); document.write( "0.03y=72 \n" ); document.write( "y=2400 \n" ); document.write( "y=2400,,,,,x=1600 \n" ); document.write( "$1600 at 5% \n" ); document.write( "$2400 at 8% \n" ); document.write( " |