document.write( "Question 112469: An investment of $5000 is made at an annual simple interest rate of 5.3%. How much additional money must be invested at an annual simple interest rate of 8.5% so that the total interest earned is 6.5% of the total investment? \n" ); document.write( "

Algebra.Com's Answer #82220 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

You can put this solution on YOUR website!
An investment of $5000 is made at an annual simple interest rate of 5.3%. How much additional money must be invested at an annual simple interest rate of 8.5% so that the total interest earned is 6.5% of the total investment?
\n" ); document.write( ":
\n" ); document.write( "Let x = additional amt invested at 8.5%
\n" ); document.write( "Therefore:
\n" ); document.write( "The resulting amt = (x+5000)
\n" ); document.write( ":
\n" ); document.write( "The interest equation:
\n" ); document.write( ".053(5000) + .085x = .065(x + 5000)
\n" ); document.write( ":
\n" ); document.write( "Can you solve this now? \n" ); document.write( "

\n" );