document.write( "Question 98379: Bethany invested $2500, part at 8% per year and the rest at 12% interest per year. In one year, the parts earned equal amounts of interest. determine how much was invested at each rate. \n" ); document.write( "
Algebra.Com's Answer #71530 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Bethany invested $2500, part at 8% per year and the rest at 12% interest per year. In one year, the parts earned equal amounts of interest. determine how much was invested at each rate. \n" ); document.write( "------------------- \n" ); document.write( "Let amount invested at 8% be \"x\" ; interest on this is 0.08x dollars \n" ); document.write( "---------------- \n" ); document.write( "Amt left to invest is \"2500-x\"; interest on this is 0.12(2500-x) dollars \n" ); document.write( "----------------- \n" ); document.write( "EQUATION: \n" ); document.write( "1st interest = 2nd interest \n" ); document.write( "0.08x = 0.12(2500-x) \n" ); document.write( "8x = 12(2500-x) \n" ); document.write( "8x = 30000-12x \n" ); document.write( "20x =30000 \n" ); document.write( "x = 1500 dollars (amount invested at 8%) \n" ); document.write( "2500-x = 1000 dollars ( amount invested at 12%) \n" ); document.write( "============== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |