document.write( "Question 912050: a man has $16000 which he places at interest,part at 3 1/2 percent the rest at 4 percent.his total annual income from this investment is $597.50.how much is invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #553522 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Part I 3.50% per annum ------------- Amount invested =x \n" ); document.write( "Part II 4.00% per annum ------------ Amount invested = y \n" ); document.write( " 16000 \n" ); document.write( "Interest----- 597.50 \n" ); document.write( " \n" ); document.write( "Part I 3.50% per annum ---x \n" ); document.write( "Part II 4.00% per annum ---y \n" ); document.write( "Total investment \n" ); document.write( "x + 1 y= 16000 -------------1 \n" ); document.write( "Interest on both investments \n" ); document.write( "3.50% x + 4.00% y= 597.5 \n" ); document.write( "Multiply by 100 \n" ); document.write( "3.5 x + 4 y= 59750.00 --------2 \n" ); document.write( "Multiply (1) by -3.5 \n" ); document.write( "we get \n" ); document.write( "-3.5 x -3.5 y= -56000.00 \n" ); document.write( "Add this to (2) \n" ); document.write( "0 x 0.5 y= 3750 \n" ); document.write( "divide by 0.5 \n" ); document.write( " y = 7500 \n" ); document.write( "Part I 3.50% $ 8500 \n" ); document.write( "Part II 4.00% $ 7500 \n" ); document.write( " \n" ); document.write( "CHECK \n" ); document.write( "8500 --------- 3.50% ------- 297.50 \n" ); document.write( "7500 ------------- 4.00% ------- 300.00 \n" ); document.write( "Total -------------------- 597.50 \n" ); document.write( " \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " \n" ); document.write( " |