document.write( "Question 789847: A man has ₱ 2,000 invested at 7% and ₱ 5,000 at 4% simple interest. What additional amount must he invest at 6% to give him an overall of 5%? \n" ); document.write( "
Algebra.Com's Answer #478956 by Edwin McCravy(20054)![]() ![]() You can put this solution on YOUR website! A man has ₱ 2,000 invested at 7% and ₱ 5,000 at 4% simple interest. What additional amount must he invest at 6% to give him an overall of 5%? \n" ); document.write( " \r\n" ); document.write( "\r\n" ); document.write( "Answer = ₱ x \r\n" ); document.write( "\r\n" ); document.write( "Investments | Rate | Interest\r\n" ); document.write( "------------------------------------------\r\n" ); document.write( " ₱ 2,000 | .07 | ₱ .07(2000)\r\n" ); document.write( " ₱ 5,000 | .04 | ₱ .04(5000)\r\n" ); document.write( " ₱ x | .06 | ₱ .06(x)\r\n" ); document.write( "------------------------------------------\r\n" ); document.write( "₱(2000+5000+x) | .05 | ₱ .05(2000+5000+x)\r\n" ); document.write( "\r\n" ); document.write( "₱ .07(2000) + ₱ .04(5000) + ₱ .06(x) = ₱ .05(2000+5000+x)\r\n" ); document.write( " .07(2000) + .04(5000) + .06(x) = .05(2000+5000+x)\r\n" ); document.write( " 140 + 200 + .06x = .05(7000+x)\r\n" ); document.write( " 340 + .06x = 350 + .05x\r\n" ); document.write( " .01x = 10\r\n" ); document.write( " x = \n" ); document.write( " \n" ); document.write( " |