document.write( "Question 135270: Kaufman Financial Corp makes investments for corporate clients. It makes an investment of $3700 for 1 year at simple interest, yielding $297. Part of the money is invested at 7% and the rest 9%. How much was invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #99116 by vleith(2983)![]() ![]() ![]() You can put this solution on YOUR website! Given: 3700 initial value. Part is invested at 7%, the rest at 9%. The resulting interest is 297.\r \n" ); document.write( "\n" ); document.write( "Let x be that part of the initial value invested at 7%. Then (3700-x) is the part invested at 9%.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "1800 is invested at 7%, 1900 at 9%\r \n" ); document.write( "\n" ); document.write( "Check your answer. (1800*.07 + 1900*0.09) = 297 Check! \n" ); document.write( " |