document.write( "Question 70101: Please solve the following word problem:\r
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document.write( "Bob invested $20,000, part at 14% and part at 13%. If the total interest at the end of the year is $2,720, how much did he invest at 14%? \n" );
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Algebra.Com's Answer #49975 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Bob invested $20,000, part at 14% and part at 13%. If the total interest at the end of the year is $2,720, how much did he invest at 14%? \n" ); document.write( "----------- \n" ); document.write( "Let amt. invested at 14% be \"x\"; interest on this is 0.14x \n" ); document.write( "Amt. invested at 13% is \"20,000-x\"; interest on this is 0.13(20000-x) \n" ); document.write( "--------- \n" ); document.write( "EQUATION: \n" ); document.write( "interest + interest = 2720 dollars \n" ); document.write( "0.14x + 0.13(20000-x)=2720 \n" ); document.write( "14x 13(20000-x) = 272000 \n" ); document.write( "14x+260000-13x = 272000 \n" ); document.write( "x=12000 dollars (this is the amt. invested at 14%) \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |