document.write( "Question 1116274: Jonathon invested $8,400, part at 12 percent annual interest and the remainder at 8 percent annual interest. In one year, he earned three times as much interest from the 12 percent investment as he did from the 8 percent investment. How much interest did Jonathon earn at 8 percent interest?\r
\n" );
document.write( "\n" );
document.write( "The answer should be $224. How did I achieve that answer What formula should be used and where should the percentages go into the formula? \n" );
document.write( "
Algebra.Com's Answer #731146 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "(1) Divide the $8400 that was invested into two parts, one to be invested at 12% and the other at 8%. \n" ); document.write( "let x = amount invested at 8% \n" ); document.write( "then (8400-x) = amount invested at 12% \n" ); document.write( "(2) Write and solve the equation that says the interest on the amount invested at 12% was 3 times the interest on the amount invested at 8%. \n" ); document.write( "interest at 12%: 0.12 times (8400-x) \n" ); document.write( "interest at 8%: 0.08 times x \n" ); document.write( " \n" ); document.write( "I'll let you finish from there. \n" ); document.write( " |