document.write( "Question 113977:
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document.write( "You invest $12,000 in two funds paying 5.5% and 7.5% simple interest. The total annual interest is $772.50. How much is invested in each fund? \n" );
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Algebra.Com's Answer #82957 by checkley71(8403)![]() ![]() ![]() You can put this solution on YOUR website! .075*X+.055(12,000-X)=772.50 \n" ); document.write( ".075X+660-.055X=772.50 \n" ); document.write( ".02X=772.50-660 \n" ); document.write( ".02X=112.50 \n" ); document.write( "X=112.50/.02 \n" ); document.write( "X=5,625 IS THE AMOUNT INVESTED @ 7.5%. \n" ); document.write( "THUS12,000-5,625=6,375 INVESTED @ 5.5% \n" ); document.write( "PROOF: \n" ); document.write( ".075*5625+.055*6,375=772.50 \n" ); document.write( "421.875+350.625=772.50 \n" ); document.write( "772.50=772.50\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |