SOLUTION: This is a word problem:
An investment fund has $3000 more invested at 8% than it does at 10%. If the annual return from the 8% investment is the same as the annual return from t
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-> SOLUTION: This is a word problem:
An investment fund has $3000 more invested at 8% than it does at 10%. If the annual return from the 8% investment is the same as the annual return from t
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Question 277786: This is a word problem:
An investment fund has $3000 more invested at 8% than it does at 10%. If the annual return from the 8% investment is the same as the annual return from the 10% investment, how much is invested at each rate?
When given the total return value, I can calculate interest. With out it, I'm stuck. Found 2 solutions by richwmiller, scott8148:Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! Thanks for telling us it is a word problem! i would never have guessed! lol!
y=x+x+3000
.1*x=.08*(x+3000)
x=12000
x+3000=15000
