document.write( "Question 1191856: George decided to invest a certain amount of money, some at an
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document.write( "annual interest rate of 5% and the remainder at an annual interest
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document.write( "Rate Of 8%. The ratio of the amount of money invested at 5% to the
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document.write( "amount invested at 8% was 3:5. In one year, he earned $200 more
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document.write( "From this investment than if he had invested all the money in a fund
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document.write( "earning 6 1/4% per year. How much would his income from the
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document.write( "investment have been if he had invested all the money in a fund
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document.write( "earning 10% per year? Please explain how to do this. \n" );
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Algebra.Com's Answer #823711 by greenestamps(13198)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Given the ratio 3:5 for the amounts invested at 5% and 8%, respectively... \n" ); document.write( "let 3x = amount invested at 5% \n" ); document.write( "let 5x = amount invested at 8% \n" ); document.write( "The total amount invested was 3x+5x=8x. \n" ); document.write( "The earnings from this investment were 5% of 3x and 8% of 5x. \n" ); document.write( "If he had invested the whole amount at 6.25%, the earnings would have been 6.25% of 8x. \n" ); document.write( "The first investment earned $200 more than the second would have: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The total invested was 8x = $32000. \n" ); document.write( "His earnings from this investment were \n" ); document.write( " \n" ); document.write( "(note that problem does not ask for that....) \n" ); document.write( "If he had invested the whole $32000 at 10%, his earnings would have been \n" ); document.write( " \n" ); document.write( "ANSWER: $3200 \n" ); document.write( " \n" ); document.write( " |