document.write( "Question 991354: if ben invests $4000 at 4% interest per year then how much additional money must he invest at 5.5% annual interest to ensure that the interest he receives each year is 4.5% of the total amount invested? \n" ); document.write( "
Algebra.Com's Answer #611245 by macston(5194)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "F=amount at 5.5% \n" ); document.write( ". \n" ); document.write( "0.04($4000)+0.055(F)=0.045($4000+F) \n" ); document.write( "$160+0.055F=$180+0.045F \n" ); document.write( "0.010F=$20 \n" ); document.write( "F=$2000 \n" ); document.write( "ANSWER: He should invest $2000 at 5.5%. \n" ); document.write( ". \n" ); document.write( "CHECK: \n" ); document.write( "0.04($4000)+0.055($2000)=0.045($4000+$2000) \n" ); document.write( "$160+$110=0.045($6000) \n" ); document.write( "$270=$270 \n" ); document.write( " \n" ); document.write( " |