document.write( "Question 1170078: Ms. Smith has part of $1240 invested at 9% and the rest at 6.5%. If the annual return from the two investments is the same, how much is invested at each rate? \n" ); document.write( "

Algebra.Com's Answer #794942 by ikleyn(52794) $\"\"$ $\"About$

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document.write( "Let x be the amount invested at 9%.\r\n" );
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document.write( "Then the amount invested at 6.5% is  1240-x  dollars.\r\n" );
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document.write( "From the condition, you have this equation\r\n" );
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document.write( "    0.09x = 0.065*(1240-x).\r\n" );
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document.write( "From this point, complete the solution on your own.\r\n" );
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