document.write( "Question 1108846: A sales representative invests in a stock paying 9% dividends. A research consultant invests $5,000 more than the sales representative in bonds paying 8% annual simple interest. The research consultant’s income from the investment is equal to the sales representative’s. Find the amount of the research consultant’s investment. \r
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document.write( "I know the answer is $45,000 since it was in the back of my book. I don’t understand how to get there. \n" );
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Algebra.Com's Answer #723886 by addingup(3677)![]() ![]() You can put this solution on YOUR website! 0.09x = 0.08(x+5000) \n" ); document.write( "0.09x = 0.08x + 400 \n" ); document.write( "0.01x = 400 \n" ); document.write( "x = 40,000 \n" ); document.write( " \n" ); document.write( " |