document.write( "Question 907477: Suppose you invest $15000 at 6%. How much additional money should you invest at 4% to produce a yield of 5.5% on the entire amount invested?
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Algebra.Com's Answer #550434 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! one investment all 3 rates \n" ); document.write( "0.06*15000+0.04(x)=0.055(15000+x) \n" ); document.write( "Multiply out. \n" ); document.write( "900+0.04(x)=825.0+0.055x \n" ); document.write( "combine like terms \n" ); document.write( "-0.015x=-75.0 \n" ); document.write( "isolate x \n" ); document.write( "x=-75.0/-0.015 \n" ); document.write( "Divide \n" ); document.write( "x=5000.0 \n" ); document.write( "check \n" ); document.write( "0.06*15000+0.04(x)=0.055(15000+x) \n" ); document.write( "900+0.04*5000=0.055(15000+5000) \n" ); document.write( "900+200=0.055(20000) \n" ); document.write( "1100=1100.0 \n" ); document.write( "ok \n" ); document.write( " \n" ); document.write( " |