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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
- Rah2006Lv 51 decade agoFavorite 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
- Robert LLv 71 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 44 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.