document.write( "Question 892902: Jack invests $2,000 at a certain annual interest rate, and he invests another $3,000 at an annual rate that is one-half percent higher. If he receives a total of $265 interest in one year, at what rate is the $2,000 invested? \n" ); document.write( "
Algebra.Com's Answer #540875 by josgarithmetic(39617)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The rate, r, is in the form of a decimal fraction. \n" ); document.write( "1% would be 0.01, and then (1/2)% would be half of 0.01, meaning 0.005.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Solving the equation: \n" ); document.write( "The equation can be put into simpler form, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "r=5% \n" ); document.write( " |