document.write( "Question 68411: $10,000 in two mutual funds, one rose 6% in one year and one rose 9% in one year. It rose a total of $684 in one year. How much was invested in each mutual fund? \n" ); document.write( "
Algebra.Com's Answer #48675 by rmromero(383)![]() ![]() ![]() You can put this solution on YOUR website! $10,000 in two mutual funds, one rose 6% in one year and one rose 9% in one year. It rose a total of $684 in one year. How much was invested in each mutual fund?\r \n" ); document.write( "\n" ); document.write( "What is ask? \n" ); document.write( "How much was invested in each mutual fund? \n" ); document.write( " \n" ); document.write( "Given: \n" ); document.write( "the two mutual fund is $ 10, 000 \n" ); document.write( "One fund rose 6% in one year \n" ); document.write( "The other rose 9% in one year \n" ); document.write( "The total rose of the funds is $ 684 \n" ); document.write( " \n" ); document.write( "Representation: \n" ); document.write( "Let x = fund with 6% interest \n" ); document.write( " y = fund with 9% interest \n" ); document.write( " \n" ); document.write( "Equation: \n" ); document.write( "x + y = $ 10, 000 \n" ); document.write( "0.06x + 0.09y = $ 684 \n" ); document.write( " \n" ); document.write( "Solve: \n" ); document.write( "Multiply 100 to 0.06x + 0.09y = $ 684 to eliminate decimals \n" ); document.write( " x + y = 10, 000 \n" ); document.write( "6x + 9y = 68, 400 \n" ); document.write( " \n" ); document.write( "Multiply -6 to x + y = 10, 000 to eliminate x \n" ); document.write( " -6x - 6y = -60, 000 \n" ); document.write( " 6x + 9y = 68, 400 \n" ); document.write( " \n" ); document.write( "Add: \n" ); document.write( "3y = 8, 400 \n" ); document.write( "y = $ 2, 800 \n" ); document.write( " \n" ); document.write( "Solve for x: \n" ); document.write( "x + y = 10, 000 \n" ); document.write( "x + 2, 800 = 10, 000 \n" ); document.write( "x = $ 7, 200\r \n" ); document.write( "\n" ); document.write( "Checking: \n" ); document.write( "x + y = 10,000 \n" ); document.write( "7, 200 + 2, 800 = 10,000 \n" ); document.write( "10,000= 10,000 ----------->> true\r \n" ); document.write( "\n" ); document.write( "0.06x + 0.09y = 684 \n" ); document.write( "432 + 252 = 584 \n" ); document.write( "684 = 684 ----------->> true\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "Therefore the fund where $2,800 for 9% interest and $7,200 for 6% interest\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |