document.write( "Question 897311: If Ben invest $40,000 at 4% interest per year, how much additional money must he invest at 5 1/2% to ensure that the interest he receives each year is 4 1/2% of the total amount invested? \n" ); document.write( "
Algebra.Com's Answer #544071 by lwsshak3(11628)![]() ![]() ![]() You can put this solution on YOUR website! If Ben invest $40,000 at 4% interest per year, how much additional money must he invest at 5 1/2% to ensure that the interest he receives each year is 4 1/2% of the total amount invested? \n" ); document.write( "*** \n" ); document.write( "let x=additional money Ben must invest \n" ); document.write( "4%*40000+5.5%x=4.5%*(40000+x) \n" ); document.write( ".04*40000+.055x=.045*40000+.045x \n" ); document.write( "1600+.055x=1800+.045x \n" ); document.write( ".01x=200 \n" ); document.write( "x=20000 \n" ); document.write( "additional money Ben must invest=$20,000 \n" ); document.write( " |