document.write( "Question 104079: Janet invested $29,000, part at 12% and part at 14%. If the total interest at the end of the year is $3,800, how much did she invest at 12%?\r
\n" ); document.write( "\n" ); document.write( "I am having a terrible time setting up this problem...
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Algebra.Com's Answer #75734 by Earlsdon(6294)\"\" \"About 
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First assign a variable to the unknown.
\n" ); document.write( "Let x = the amount that Janet invested at 12% per annum. Then ($29,000-x), the remainder, is the amount Janet invested at at 14% per annum.
\n" ); document.write( "We can express the interest earned on these two amounts as follows:
\n" ); document.write( "First, we'll need to change the percentages to their decimal equivalents: (12% = 0.12 and 14% = 0.14)
\n" ); document.write( "The amount of interest earned by (x) at 12% per annum can be expressed algebraically as:
\n" ); document.write( "0.12x
\n" ); document.write( "and the amount of interest earned by ($29,000-x) at 14% per annum can be expressed algebraically as: 0.14($29,000-x)
\n" ); document.write( "Now the problem tells us that the sum of these two = $3,800
\n" ); document.write( "So we can set up the necessary equation to solve for x.
\n" ); document.write( "0.12x + 0.14($29,000-x) = $3,800 This is the equation you will need to compute x, the amount invested at 12% per annum. Let's solve this for x.
\n" ); document.write( "0.12x + 0.14($29,000-x) = $3,800 Simplifying this, we get:
\n" ); document.write( "0.12x + $4,060 - 0.14x = $3,800 Combining like-terms (the x-terms), gives us:
\n" ); document.write( "-0.02x + $4,060 = $3,800 Now subtract $4,060 from both sides of the equation.
\n" ); document.write( "-0.02x = -$260 Dividing both sides by -0.02, we have:
\n" ); document.write( "x = $13,000 This is the amount Janet invested at 12% per annum.
\n" ); document.write( "If you need to know the amount she invested at 14%, you would subtract $13,000 from $29,000 to get $16,000 invested at 14% per annum.\r
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