document.write( "Question 1151971: One safe investment pays 7% per year, and a more risky investment pays 14% per year.\r
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document.write( "a. How much must be invested in each account if an investor of $100,000 would like a return of $9,100 per year?
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document.write( "b. Why might the investor use two accounts rather than put all the money in the 14% investment?\r
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document.write( "a. $__ is invested in the 7% account. \n" );
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Algebra.Com's Answer #773851 by Theo(13342)![]() ![]() You can put this solution on YOUR website! x = amount invested at 7%. \n" ); document.write( "y = amount invested at 14%. \n" ); document.write( "x + y = 100,000 \n" ); document.write( ".07x + .14y = 9100 \n" ); document.write( "solve for x in the first equaion to get: \n" ); document.write( "x = 100,000 - y \n" ); document.write( "replace x in the second equation with that to get: \n" ); document.write( ".07 * (100,000 - y) + .14y = 9100 \n" ); document.write( "simplify to get: \n" ); document.write( ".07 * 100,000 - .07y + .14y = 9100 \n" ); document.write( "simplify further and combine like terms to get: \n" ); document.write( "7000 + .07y = 9100 \n" ); document.write( "subtract 7000 from both sides to get: \n" ); document.write( ".07y = 2100 \n" ); document.write( "solve for y to get: \n" ); document.write( "y = 2100 /.07 = 30,000 \n" ); document.write( "x = 100,000 - y = 70,000 \n" ); document.write( ".07 * 70,000 + .14 * 30,000 = 9100 \n" ); document.write( "this confirms the values for x and y are correct. \n" ); document.write( "the solution is that 70,000 is invested in 7% account. \n" ); document.write( " |