Question 263586
This is I = PRT, but with 2 investments so we get
{{{I = PRT + PRT}}}
but we want them equal, so
{{{PRT = PRT}}}
from above we have
(i) {{{x(.08)(1) = (54000-x)(.10)(1)}}}
simplified, we get
(ii) {{{ .08x = 5400 - .10x}}}
adding we get
(iii) {{{.18x = 5400}}}
so, x = $30,000 @ 8%
and 54000-x = $24,000 @ 10%