document.write( "Question 907460: If $7,000.00 is invested in a bank that pays 5% interest, how much more must be invested in bonds at 9% to earn 7% on the total investment?\r
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document.write( "To earn 7% on the total investment, $______ more must be invested in bonds at 9%. \n" );
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Algebra.Com's Answer #550432 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! one investment all 3 rates \n" ); document.write( "0.05*7000+0.09(x)=0.07(7000+x) \n" ); document.write( "Multiply out. \n" ); document.write( "350+0.09(x)=490+0.07x \n" ); document.write( "combine like terms \n" ); document.write( "0.02x=140 \n" ); document.write( "isolate x \n" ); document.write( "x=140/0.02 \n" ); document.write( "Divide \n" ); document.write( "x=7000 \n" ); document.write( "check \n" ); document.write( "0.05*7000+0.09(x)=0.07(7000+x) \n" ); document.write( "350+0.09*7000=0.07(7000+7000) \n" ); document.write( "350+630=0.07(14000) \n" ); document.write( "980=980 \n" ); document.write( "ok\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |