document.write( "Question 1039073: Here's my question:
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document.write( "Mrs. Pasternak invested $100,000 in two different healthcare companies. The first earned a 6% profit, and the second earned a 12% profit. If Mrs. Pasternak made 2 times as much profit from the 12% investment as she did from the 6% investment, how much did she invest in the company that made 6%?
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document.write( "I think it's set up like Is this right? If not, how should I do it? \n" );
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Algebra.Com's Answer #653800 by Theo(13342) You can put this solution on YOUR website! i would say she invested 50,000 in each. \n" ); document.write( "the reason is that 12% is two times 6%, so if she made twice as much profit from the 12% investment as she made from the 6% investment, she had to invest the same amount in each.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "50,000 * .06 = 3000 \n" ); document.write( "50,000 * .12 = 6000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you can also solve this algebraically as follows:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = the 6% investment \n" ); document.write( "y = the 12% investment \n" ); document.write( "p = profit\r \n" ); document.write( "\n" ); document.write( "x + y = 100,000 \n" ); document.write( ".06x + .12y = p\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you are given that the profit from the 12% investment is twice the profit from the 6% investment.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the equation for that is .12 * y = 2 * .06 * x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "simplify this equation to get .12 * y = .12 * x \n" ); document.write( "solve for y to get y = .12 * x / .12 \n" ); document.write( "simplify to get y = x.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in the equation of x + y = 100,000, replace y with x to get x + x = 100,000. \n" ); document.write( "simplify to get 2*x = 100,000 \n" ); document.write( "divide both sides of the equation by 2 to get x = 50,000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "since x = 50,000, then y must also be equal to 50,000.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the profit equation of .06 * x + .12 * y = p becomes .06 * 50,000 + .12 * 50,000 = p\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "simplify to get 3000 + 6000 = p\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "p is equal to 9000.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the profit on the 12% investment is twice the profit on the 6% investment.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "my intuition up front was ok and the algebra supported it.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |