document.write( "Question 983954: Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. If he receives a total of $190 interest in 1 year, at what rate is the $1000 invested? \n" ); document.write( "
Algebra.Com's Answer #604926 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! interest rate 1=x \n" ); document.write( "interest rate 2=0.005+x\r \n" ); document.write( "\n" ); document.write( "(1000*x)+(2000)*(x+0.005)=190 \n" ); document.write( "1000x+2000x+10=190 \n" ); document.write( "3000x=180 \n" ); document.write( "x=0.06 or 6% \n" ); document.write( "x+0.005=0.065 or 6.5%\r \n" ); document.write( "\n" ); document.write( "1000*6%=$60 per year ANSWER IS 6% \n" ); document.write( "2000*6.5%=$130per year \n" ); document.write( "$190 per year. \n" ); document.write( " \n" ); document.write( " |