document.write( "Question 1196839: You have 50000 to invest. Some of your money will be put in a 5% per annual your ranted investment a rikkiey investment a 10% per annual.if you hope to earn $4000 in investment at the end of one year how much money should he invest in each investment? \n" ); document.write( "
Algebra.Com's Answer #829867 by greenestamps(13203)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "(1) A typical formal algebraic setup for solving the problem.... \n" ); document.write( "x = amount invested at 5% \n" ); document.write( "50000-x = amount invested at 10% \n" ); document.write( "The total earnings are $4000: \n" ); document.write( " \n" ); document.write( "Basic algebra from there; I'll let you finish. \n" ); document.write( "(2) An informal solution (quick and easy, if a formal algebraic solution is not required).... \n" ); document.write( "$4000 earnings on an investment of $50,000 is a rate of 8%. \n" ); document.write( "8% is 3/5 of the way from 5% to 10% (view the three percentages on a number line if it helps....) \n" ); document.write( "That means 3/5 of the total should be invested at the higher rate. \n" ); document.write( "ANSWER: 3/5 of $50,000, or $30,000, at 10%; the other $20,000 at 5% \n" ); document.write( "CHECK: .10(30000)+.05(20000) = 3000+1000 = 4000 \n" ); document.write( " \n" ); document.write( " |