Question 1203977
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The overall percentage change was -562.50/10000 = -.05625 = -5.625%.<br>
Before doing any calculations, note that this percentage is much closer to -7.8% than it is to +6.7%, so by far the larger amount was invested in the account that lost 7.8%.<br>
A solution using the typical formal algebraic method...<br>
x = amount invested in account that gained 6.7%
10000-x = amount invested in account that lost 7.8%<br>
The overall change was a loss of $562.50:<br>
{{{(.067(x))+(.078(10000-x))=-562.5}}}
{{{.067x-780+.078x=-562.5}}}
{{{.145x=217.5}}}
{{{x=217.5/.145=1500}}}<br>
ANSWER: $1500 was invested in the account that gained 6.7%; the other $8500 in the account that lost 7.8%<br>
CHECK: .067(1500)-.078(8500) = 100.50-663 = -562.50<br>
You can also solve any 2-part "mixture" problem like this informally, performing virtually the same calculations but without the formal algebra.<br>
The three percentages in the problem are -7.8, -5.625, and +6.7.<br>
Look at those percentages on a number line and determine that -5.625 is (2.175)/(14.5) = .15 of the way from -7.8 to +6.7.<br>
That means .15 or 15% of the total was invested in the account that gained 6.7%.<br>
ANSWER: 15% of the $10,000, or $1500, was invested in the account that gained 6.7%; the other $8500 was invested in the account that lost 7.8%.<br>
Note that in this problem, since the numbers were "ugly", the informal method wasn't much easier than the formal algebraic method.  But with "nice" numbers that are easy to work with mentally, the informal method can get you to the solution with far less effort.<br>