document.write( "Question 756484: Hello I need help with this little problem..i have tried it but i have been not able to solved.\r
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document.write( "Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. If he receives a total of $250 interest in 1 year, at what rate is the $1000 invested? \n" );
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Algebra.Com's Answer #460280 by MathTherapy(10552)![]() ![]() You can put this solution on YOUR website! Hello I need help with this little problem..i have tried it but i have been not able to solved.\r \n" ); document.write( "\n" ); document.write( "Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. If he receives a total of $250 interest in 1 year, at what rate is the $1000 invested?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Let the rate at which $1,000 is invested be I \n" ); document.write( "Then rate at which $2,000 is invested = I + .005 \n" ); document.write( "Therefore, 1,000(I) + 2,000(I + .005) = 250 \n" ); document.write( "1,000I + 2,000I + 10 = 250 \n" ); document.write( "3,000I + 10 = 250 \n" ); document.write( "3,000I = 240 \n" ); document.write( "I, or interest rate at which $1,000 is invested = \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( " |