document.write( "Question 84209: 3. Jane invested some amount at the rate of 12% simple interest and some other amount at the rate of 10% simple interest. She received yearly interest of $130. Randy also invested in the same scheme, but he interchanged the amounts invested, and received $4 more as interest. How much amount did each of them invest at different rates? \n" ); document.write( "
Algebra.Com's Answer #60633 by sofiyacherni(99)![]() ![]() ![]() You can put this solution on YOUR website! 3. Jane invested some amount at the rate of 12% simple interest and some other amount at the rate of 10% simple interest. She received yearly interest of $130. Randy also invested in the same scheme, but he interchanged the amounts invested, and received $4 more as interest. How much amount did each of them invest at different rates?\r \n" ); document.write( "\n" ); document.write( "Here is how you should approach this problem \n" ); document.write( "Say she invested x dollars at 12%, to represent % as a number divide % by 100, so 12% is .12. Say she invested y dollars at 10%, so .10. From this she earned 130 dollars. So you have your first equation \n" ); document.write( ".12x+.10y=130 \n" ); document.write( "Next if you interchange amounts invested and add 4 dollars to earnings you have sencond equation \n" ); document.write( ".10x+.12y=134 \n" ); document.write( "so use substitution to solve a system of equations\r \n" ); document.write( "\n" ); document.write( "(1) .12x+.10y=130 \n" ); document.write( "(2) .10x+.12y=134\r \n" ); document.write( "\n" ); document.write( "so, from (2) .1x+.12y=134 \n" ); document.write( " \n" ); document.write( "(3) \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So JANE invested $500 at 12% and $700 at 10% and \n" ); document.write( "RANDY invested $700 at 12% and $500 at 10% \n" ); document.write( "Good luck \n" ); document.write( " \n" ); document.write( " |