document.write( "Question 1043568: Hi, I'm trying to write an equation to solve this problem and running into difficulty:\r
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document.write( "I have 300000 to invest. A safe investment earns 3.5% per year. A risky investment yields 7% a year. How much is needed to be invested at each rate to earn $15,000 per year. \r
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document.write( "I'm certain it has something to do with the simple interest formula but I just can't make this work. I get that SI=prt, but I can't work out beyond that.
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Algebra.Com's Answer #658714 by josgarithmetic(39617)![]() ![]() ![]() You can put this solution on YOUR website! (How many years?) The wording implies just 1 year.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The description works like a mixture problem.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x amount for risky \n" ); document.write( "y amount for safe \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "STEPS \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( " |