document.write( "Question 84984: Investment
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document.write( "You plan to invest $25,000 in two funds paying 3% and 4 1/2% simple interest. YOur goal is to obtain a total annual interest income of $1,000 from the investments. What is the smallest amount you can invest in the 4 1/2 % fund in order to meet your objective?\r
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document.write( "The answer is $16,666.67 I want someone else to work this one to see if I worked it right.....thanks! \n" );
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Algebra.Com's Answer #61232 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! I get the same answer \n" ); document.write( "x = amount invested @ 3% \n" ); document.write( "25000 = amount invested @ 4.5% \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "amount invested at 4.5% is \n" ); document.write( " |