document.write( "Question 120538: Mike invested $6000 for one year. He invested part of it at 9% and the rest at 11%. At the end of the year he earned $624 in interest. How much did he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #88364 by tutor_paul(519)![]() ![]() You can put this solution on YOUR website! Set it up as two equations and two unknowns. Let x be the amount invested at 9%, and let y be the amount invested at 11%. Then you can write: \n" ); document.write( "Eqn #1: \n" ); document.write( "Eqn #2: \n" ); document.write( "================================= \n" ); document.write( "Now you have 2 equations and 2 unknowns. Any time you have at least as many equations as you have unknowns, you can solve the problem! \n" ); document.write( "Solve Eqn #1 for x: \n" ); document.write( " \n" ); document.write( "Substitute this value of x into Eqn #2: \n" ); document.write( " \n" ); document.write( "Solve for y: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Now that you have the answer for y, plug that into Eqn #1 and solve for x: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "You can check these answer by making sure each equation holds true when you plug in these values for x and y. \n" ); document.write( "==================== \n" ); document.write( "Good Luck, \n" ); document.write( "tutor_paul@yahoo.com \n" ); document.write( " \n" ); document.write( " |