document.write( "Question 1067686: Susan Marciano invested part of her 16,000 bonus in a fund that paid an 8% profit and invested the rest in stock that suffered a 5% loss. Find the amount of each investment if her overall net profit was 890. \n" ); document.write( "
Algebra.Com's Answer #682811 by addingup(3677)![]() ![]() You can put this solution on YOUR website! Amount invested at 8%: x \n" ); document.write( "Amount invested at -5%: 16,000-x \n" ); document.write( "0.08x-0.05(16,000-x) = 890 \n" ); document.write( "0.08x-800+0.05x = 890 \n" ); document.write( "0.13x = 1690 \n" ); document.write( "x = 13,000 \n" ); document.write( "<><><><><><><><><><><><><><> \n" ); document.write( "Check: \n" ); document.write( "at 8%: 13,000*0.08 = 1,040 \n" ); document.write( "at 5% (16,000-13,000)*0.05 = 150 \n" ); document.write( "Subtract, since the amount at 5% was a loss: \n" ); document.write( "1,040-150 = 890 Correct \n" ); document.write( ": \n" ); document.write( "John \n" ); document.write( " |