Question 1196839
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(1) A typical formal algebraic setup for solving the problem....<br>
x = amount invested at 5%
50000-x = amount invested at 10%<br>
The total earnings are $4000:<br>
{{{.05(x)+.10(50000-x)=4000}}}<br>
Basic algebra from there; I'll let you finish.<br>
(2) An informal solution (quick and easy, if a formal algebraic solution is not required)....<br>
$4000 earnings on an investment of $50,000 is a rate of 8%.
8% is 3/5 of the way from 5% to 10% (view the three percentages on a number line if it helps....)
That means 3/5 of the total should be invested at the higher rate.<br>
ANSWER: 3/5 of $50,000, or $30,000, at 10%; the other $20,000 at 5%<br>
CHECK: .10(30000)+.05(20000) = 3000+1000 = 4000<br>