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Algebra?? Variables.... Word problem?

Use two variables to solve...

Investment clubs: part of $8,000 was invested by an investment club at 10% interest and the rest at 12%. If the annual income from these investments is $900, how much was invested at each rate?

** I am not sure how to work it...... I have several other problems just like this one!!**

Thanks

6 Answers

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  • 1 decade ago
    Favorite Answer

    You would make x be the amount invested at 10% and (8000-x) the part invested at 12%.

    Set up the equation like:

    .10x + .12(8000-x) = 900

    .10x + 960 - .12x = 900

    -.02 x = -60

    x = 3000

    8000 - x = 5000

  • 1 decade ago

    a + b = $8000

    0.1*(8000-a) + 0.12*(8000-b) = $900

    simplified:

    800 - 0.1a + 960 - 0.12b = 900

    rearranged:

    a = $8000 - b

    substituted:

    800 - 0.1(8000-b) + 960 - 0.12b = 900

    simplified again:

    800 - 800 + 0.1b + 960 - 0.12b = 900

    0.1b - 0.12b = 900 - 960

    -0.02b = -60

    b = -60 / -0.02 = 3000

    therefore $3000 at 12% ($360)

    and remaining $5000 at 10% ($500)

    which totals $860

    or $3000 at 10% ($300)

    and $5000 at 12% ($600)

    which totals $900

    hehe i got it!! man that was tough...

  • 1 decade ago

    you use y as the part of 8000 invested at 10% interest and x is part of 8000 invested at 12% interest

  • 1 decade ago

    Let x = amount invested at 10%

    then 8000 - x = amount invested at 12%

    0.10x + 0.12(8000 - x) = 900

    -0.02x = -60

    x = 3,000 at 10%

    8000 - x = 5,000 at 12%

    .

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  • ?
    Lv 4
    4 years ago

    from the subject, u can arise w/ one extra equation-- y=z. bc "the kit includes the comparable volume of Hazelnut coffee as French roast coffee." then u ought to be waiting to unravel the equations.

  • 1 decade ago

    use x and y for the variables

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