document.write( "Question 883071: you receive a total of $1520 a year in interest from three investments. the interest rate for the three investments are 5%, 7%, and 8%. the 5% investment is half of the 7% investment, and the 7% investment is $1500 less than the 8%. What is the amount of each investment?\r
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document.write( "(Note: This is a mixture problem. So set up a table involving Amount (of investment), Rate, and Interest. Let us use Investment A for 5%, Investment B for 7%, and Investment C for 8%) \n" );
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Algebra.Com's Answer #533341 by lwsshak3(11628)![]() ![]() ![]() You can put this solution on YOUR website! you receive a total of $1520 a year in interest from three investments. the interest rate for the three investments are 5%, 7%, and 8%. the 5% investment is half of the 7% investment, and the 7% investment is $1500 less than the 8%. What is the amount of each investment? \n" ); document.write( "*** \n" ); document.write( "let A=amt of 5% investment \n" ); document.write( "let B=amt of 7% investment \n" ); document.write( "let C=amt of 8% investment \n" ); document.write( ".. \n" ); document.write( "B=C-1500 \n" ); document.write( "A=(C-1500)/2 \n" ); document.write( ".. \n" ); document.write( "5%*(C-1500)/2+7%(C-1500)+8%C=1520 \n" ); document.write( "lcd:2 \n" ); document.write( "5%(C-1500)+14%(C-1500)+16%C=3040 \n" ); document.write( ".05C-75+.14C-210+.16C=3040 \n" ); document.write( ".35C=3325 \n" ); document.write( "C=9500 \n" ); document.write( "B=C-1500=8000 \n" ); document.write( "A=B/2=4000 \n" ); document.write( "amt of 5% investment=$4000 \n" ); document.write( "amt of 7% investment=$8000 \n" ); document.write( "amt of 8% investment=$9500 \n" ); document.write( " |