document.write( "Question 908557: Two investments totaling $36000 produce an annual income of $2715. one investment yields 6% per year, while the other yields 9% per year. How much is invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #551107 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! Total amount of money invested: $36000 \n" ); document.write( "x+y=36000, \n" ); document.write( "Total yearly interest for the two accounts is: $2715 \n" ); document.write( "0.06*x+0.09*y=2715 \n" ); document.write( "x=36000-y \n" ); document.write( "Substitute for x \n" ); document.write( "0.06*(36000-y)+0.09*y=2715 \n" ); document.write( "Multiply out \n" ); document.write( "2160-0.06*y+0.09*y=2715 \n" ); document.write( "Combine like terms. \n" ); document.write( "0.03*y=555 \n" ); document.write( "Isolate y \n" ); document.write( "y=$18500.00 at 9% \n" ); document.write( "x=36000-y \n" ); document.write( "Calculate x \n" ); document.write( "x=$17500.00 at 6% \n" ); document.write( "Check \n" ); document.write( "0.06*17500+0.09*18500=2715 \n" ); document.write( "1050+1665=2715 \n" ); document.write( "2715=2715 \n" ); document.write( "If this statement is TRUE and neither x nor y is negative then all is well \n" ); document.write( " \n" ); document.write( " |