document.write( "Question 1151033: Sam invested $ 1750, part of it at 6% and the rest at 8% yearly interest. The yearly income on the 8% investment was $30 more than twice the income from the 6% investment . How much did he invest at each rate \n" ); document.write( "
Algebra.Com's Answer #772625 by ikleyn(52787)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The correct answer is\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " $550 invested at 6%.\r\n" ); document.write( "\r\n" ); document.write( " The rest, or $1750 - $550 = $1200, invested at 8%.\r\n" ); document.write( "\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "When you solve such problems, checking is NECESSARY part of the solution.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "CHECK. 0.08*1200 - 20.06*550 = 30 dollars. ! Precisely correct !\r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( "-----------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It is a standard and typical problem on investments.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If you need more details, or if you want to see other similar problems solved by different methods, 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( " |