Intermediate Algebra (6th Edition)

Published by Pearson
ISBN 10: 0321785045
ISBN 13: 978-0-32178-504-6

Chapter 4 - Review - Page 250: 22

Answer

Larger investment yields 9.5%, smaller investment yields 7.5%

Work Step by Step

10,000 and 4,000 invested to make 1250 in income 10,000 invested at $x$ percent, 4,000 invested at $y$ percent $x=.02+y$ $10000*x+4000*y=1250$ $x=.02+y$ $10000*x+4000*y=1250$ $10000*(.02+y)+4000*y=1250$ $200+10000y+4000y=1250$ $14000y+200=1250$ $14000y+200-200=1250-200$ $14000y=1050$ $14000y/14000=1050/14000$ $y=.075$ $x=.02+y$ $x=.02+.075$ $x=.095$
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