document.write( "Question 1154305: An actor invested some money at 8% simple interest, and $37,000 more than twice the amount at 10%. The total annual interest earned from the investment was $18,260. How much did he invest at each amount? \n" ); document.write( "
Algebra.Com's Answer #776719 by mananth(16946) You can put this solution on YOUR website! An actor invested some money at 8% simple interest, and $37,000 more than twice the amount at 10%. The total annual interest earned from the investment was $18,260. How much did he invest at each amount?\r \n" ); document.write( "\n" ); document.write( "An actor invested some money at 8% simple interest ----X\r \n" ); document.write( "\n" ); document.write( " and $37,000 more than 2x,------ 10%. \r \n" ); document.write( "\n" ); document.write( "The total annual interest earned from the investment was $18,260. \r \n" ); document.write( "\n" ); document.write( "8%x+10%(37000+2x)= 18260 \n" ); document.write( "multiply by 100\r \n" ); document.write( "\n" ); document.write( "8x+10(37000+2x) =1826000\r \n" ); document.write( "\n" ); document.write( "8x+370000+20x= 1826000\r \n" ); document.write( "\n" ); document.write( "28x= 1826000-370000\r \n" ); document.write( "\n" ); document.write( "28x= 1456000 \n" ); document.write( "x= 52000 \n" ); document.write( "2x+37000 = 141000\r \n" ); document.write( "\n" ); document.write( "$52,000 @ 8% \n" ); document.write( "$141,000 @10%\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |