document.write( "Question 1192361: An investing advisor put 75% of a client's money into a money market fund with a 9% annual simple interest rate. The remainder was put into government securities paying 6% annual basic interest. If the total yearly interest received is Php 3300, calculate the amount invested in each. \n" ); document.write( "

Algebra.Com's Answer #824258 by ikleyn(52781) $\"\"$ $\"About$

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\n" ); document.write( "An investing advisor put 75% of a client's money into a money market fund with a 9% annual simple interest rate.
\n" ); document.write( "The remainder was put into government securities paying 6% annual basic interest.
\n" ); document.write( "If the total yearly interest received is Php 3300, calculate the amount invested in each.
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document.write( "Let x be the total money invested amount.\r\n" );
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document.write( "Then 0.75x is invested at 9% and 0.25x is invested at 6%.\r\n" );
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document.write( "Write the total interest equation\r\n" );
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document.write( "    0.09*(0.75x) + 0.06*(0.25x) = 3300\r\n" );
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document.write( "From this equation find x\r\n" );
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document.write( "    x =  = 40000.\r\n" );
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document.write( "So, 0.75*40000 = Php 30000 was invested at 9% and the rest, Php 10000 was invested at 6%.    ANSWER\r\n" );
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document.write( "CHECK.  0.09*30000 + 0.06*10000 = 3300,  the total annual interest.   ! Correct !\r\n" );
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