document.write( "Question 901375: The financial board of a corporation invested $30,000 overseas, part at 7% and part at 8% annual interest. Find the amount invested at each rate if the first-year combined income from the two investments was $2,210. \n" ); document.write( "
Algebra.Com's Answer #546778 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! x+y=30000, \n" ); document.write( "0.07*x+0.08*y=2210 \n" ); document.write( "x=30000-y \n" ); document.write( "0.07*(30000-y)+0.08*y=2210 \n" ); document.write( "2100-0.07y+0.08*y=2210 \n" ); document.write( "0.01*y=110 \n" ); document.write( "y=11000 at 8% \n" ); document.write( "x=30000-y \n" ); document.write( "x=19000 at 7% \n" ); document.write( "check \n" ); document.write( "0.07*19000+0.08*11000=2210 \n" ); document.write( "1330+880=2210 \n" ); document.write( "2210=2210 \n" ); document.write( "ok \n" ); document.write( " \n" ); document.write( " |