SOLUTION: A family invested $10,000 at 8% annual interest. How much additional money must be invested at 9% to obtain a return of 8.2% on the total amount invested?
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Question 417338: A family invested $10,000 at 8% annual interest. How much additional money must be invested at 9% to obtain a return of 8.2% on the total amount invested? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! percent Principal $
8.00 10000
9.00 x
8.20 10000+x
8*10000 +9x=8.2* (10000+x )
80000+9x =8.2*10000+8.2x
80000+9x =82000+8.2x
9x-8.2x= 82000-80000
0.8x=2000
/0.8
x=2500 @ 9.00%
