document.write( "Question 1075133:  The Jones Family invested $1,200 more at 4% than at 7% in a low risk hedge fund, but the\r
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document.write( "income from each investment was the same. How much was invested at each rate? \n" );
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| Algebra.Com's Answer #689818 by addingup(3677)     You can put this solution on YOUR website! 0.07x = 0.04(x+1200) \n" ); document.write( "0.07x = 0.04x+48 \n" ); document.write( "0.03x = 48 \n" ); document.write( "x = 1600 \n" ); document.write( "So, 1600 is invested at 7% and 1600+1200 = 2800 at 4% \n" ); document.write( "----------------------- \n" ); document.write( "Check - The income from each was the same: \n" ); document.write( "0.07(1600) = 112 \n" ); document.write( "0.04(2800) = 112 \n" ); document.write( ": \n" ); document.write( "Happy learning, \n" ); document.write( "John \n" ); document.write( " |