document.write( "Question 877223: Please help not sure how to go about answering this problem, here goes: A business man invest a total of $13900 into two businesses A and B at the simple interest rate of 14% per annum and 11% per annum respectively. If the total amount of simple interest for 2 years was $3508, what was the amount invested in business B
\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #529249 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! A business man invest a total of $13900 into two businesses A and B at the simple interest rate of 14% per annum and 11% per annum respectively. \n" ); document.write( " If the total amount of simple interest for 2 years was $3508, what was the amount invested in business B. \n" ); document.write( ": \n" ); document.write( "Let a = amt invested at 14% (.14) \n" ); document.write( "Let b = amt invested at 11% (.11) \n" ); document.write( "therefore \n" ); document.write( "a + b = 13900 \n" ); document.write( "b = (13900-a); use this form for substitution \n" ); document.write( ": \n" ); document.write( "\" If the total amount of simple interest for 2 years was $3508, \" \n" ); document.write( "therefore (remember it's 2yrs simple interest) \n" ); document.write( "2(.14a + .11b) = 3508 \n" ); document.write( "Divide both sides by 2 \n" ); document.write( ".14a + .11b = 1754 \n" ); document.write( "Substitute (13900-a) for b \n" ); document.write( ".14a + .11(13900-a) = 1754 \n" ); document.write( ".14a + 1529 - .11a = 1754 \n" ); document.write( ".14a - .11a = 1754 - 1529 \n" ); document.write( ".03a = 225 \n" ); document.write( "a = 225/.03 \n" ); document.write( "a = 7500 invested at 14% \n" ); document.write( "; \n" ); document.write( "\"what was the amount invested in business B\" \n" ); document.write( "b = 13900 - 7500 \n" ); document.write( "b = $6400 invested at 11% \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "Check this for yourself, find the interest of each using I - PRT \n" ); document.write( "See that they add up to 3508 \n" ); document.write( " |