document.write( "Question 1113747: Sam invested $1950, part of it at 6% and the rest at 8% yearly interest. The yearly income on the 8% investment was $26 more than twice the income from the 6% investment. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #728834 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "1. One equation setup\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " 0.08*(1950-x) - 2*0.06*x = 26.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " Solve for x = the amount at 6%.\r\n" ); document.write( "\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2. Two equations setup.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " x + y = 1950\r\n" ); document.write( " 2*0.06x - 0.08y = -26.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " Solve for x and y.\r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( "------------------- \n" ); document.write( "To see many other similar solved problems on investment, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Using systems of equations to solve problems on investment\r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "You will find there different approaches (using one equation or a system of two equations in two unknowns), as well as \n" ); document.write( "different methods of solution to the equations (Substitution, Elimination).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Also, you have this free of charge online textbook in ALGEBRA-I in this site\r \n" ); document.write( "\n" ); document.write( " - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The referred lesson is the part of this online textbook under the topic \"Systems of two linear equations in two unknowns\".\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I \n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |