document.write( "Question 1146729: A total of
\n" ); document.write( "$9000
\n" ); document.write( "$⁢9000
\n" ); document.write( "is invested: part at
\n" ); document.write( "6%
\n" ); document.write( "6%
\n" ); document.write( "and the remainder at
\n" ); document.write( "11%
\n" ); document.write( "11%
\n" ); document.write( ". How much is invested at each rate if the annual interest is
\n" ); document.write( "$600
\n" ); document.write( "$⁢600
\n" ); document.write( "?\r
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #768000 by greenestamps(13200)\"\" \"About 
You can put this solution on YOUR website!


\n" ); document.write( "(1) A setup for a traditional algebraic solution....

\n" ); document.write( "x amount at 6%, plus ($9000-x) at 11%, yields $600 interest:

\n" ); document.write( "\".06%28x%29%2B.11%289000-x%29+=+600\"

\n" ); document.write( "Solving involves only basic algebra; but the decimals make the calculations a bit ugly. I leave it to you to finish the solution by that path.

\n" ); document.write( "Here is a faster way to the answer for a \"mixture\" problem like this.

\n" ); document.write( "$9000 all at 6% --> $540 interest
\n" ); document.write( "$9000 mixed --> $600 interest
\n" ); document.write( "$9000 all at 11% --> $990 interest

\n" ); document.write( "Look where the actual interest of $600 lies between $540 and $990:

\n" ); document.write( "540 to 990 = 450; 540 to 600 = 60; 60/450 = 2/15.

\n" ); document.write( "$600 is 2/15 of the way from $540 to $990; that means 2/15 of the total is invested at the higher rate.

\n" ); document.write( "ANSWER: 2/15 of the $9000, or $1200, at 11%; the other $7800 at 6%.

\n" ); document.write( "CHECK: .06(7800)+.11(1200) = 468+132 = 600
\n" ); document.write( "
\n" );