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 #723899 by TeachMath(96)![]() ![]() ![]() You can put this solution on YOUR website! 40,000 is WRONG! You already revealed the answer.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Let amount research assistant invested be A \n" ); document.write( ".08A = .09(A - 5,000) \n" ); document.write( ".08A = .09A - 450 \n" ); document.write( " - .01A = - 450 \n" ); document.write( "A, or research assistant's investment-amount = - 450/- .01 = $45,000 \n" ); document.write( " |