Question 1135537
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With the traditional algebraic approach, you write and solve the equation that says x amount invested at 2%, plus ($55,000-x) invested at 10%, yields 5.2% on the total $55,000:<br>
{{{.02(x) + .10(55000-x) = .052(55000)}}}<br>
Straightforward algebra; but ugly numbers.  I'll let you finish the solution by that method.<br>
Here is a completely different method for solving this kind of "mixture" problem.  It is based on the fact that the ratio in which the two need to be mixed is exactly determined by where the mixture percentage lies between the two given percentages.<br>
Without any words of explanation, here are the required calculations:<br>
10-5.2 = 4.8
5.2-2 = 3.2
4.8:3.2 = 3:2<br>
The $55,000 must be split in two parts in the ratio 3:2 -- so $33,000 at one rate and $22,00 at the other.<br>
Since 5.2% is closer to 2% than it is to 10%, the larger portion needs to be at 2%.<br>
ANSWER: $33,000 at 2%; $22,000 t 10%