document.write( "Question 1116093: Katie invested a total of $4000, part at 4% simple interest and part at 5% simple interest. At the end of 1 year, the investments had earned $174 interest. How much was invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #730930 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! Katie invested a total of $4000, part at 4% simple interest and part at 5% simple interest. \n" ); document.write( " At the end of 1 year, the investments had earned $174 interest. \n" ); document.write( " How much was invested at each rate? \n" ); document.write( ": \n" ); document.write( "let x = amt invested at at 5% \n" ); document.write( "the total invested, is $4000, therefore: \n" ); document.write( "(4000-x) = amt invested at 4% \n" ); document.write( ": \n" ); document.write( ".04(4000-x) + .05x = 174 \n" ); document.write( "distribute the .04 \n" ); document.write( "160 - .04x + .05x = 174 \n" ); document.write( ".01x = 174 - 160 \n" ); document.write( ".01x = 14 \n" ); document.write( "x = 14/.01 \n" ); document.write( "x = $1400 invested at 5% \n" ); document.write( "then \n" ); document.write( "4000-1400 = $2600 invested at 4% \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "Check this, find actual amt earned from each \n" ); document.write( ".05*1400 = $70 \n" ); document.write( ".04*2600 = $104 \n" ); document.write( "----------------- \n" ); document.write( "total earned: $174 \n" ); document.write( " |