document.write( "Question 1103689: Mr. Traynor invested a sum of money at 6%. He invested a second sum, $250 more than the first sum, at 8%. If his total annual income was $300, how much did he invest? \n" ); document.write( "
Algebra.Com's Answer #718381 by stanbon(75887) ![]() You can put this solution on YOUR website! Mr. Traynor invested a sum of money at 6%. He invested a second sum, $250 more than the first sum, at 8%. If his total annual income was $300, how much did he invest? \n" ); document.write( "---- \n" ); document.write( "Equation: \n" ); document.write( "int + int = int \n" ); document.write( "0.06x + 0.08(x+250) = 300 \n" ); document.write( "------ \n" ); document.write( "6x + 8x + 200 = 30000 \n" ); document.write( "------------------------ \n" ); document.write( "14x = 29800 \n" ); document.write( "x = $2128.57 (amt. invested at 6%) \n" ); document.write( "x + 250 = $2378.57 (amt. invested at 8%) \n" ); document.write( "----------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "---------- \n" ); document.write( " |