Precalculus (6th Edition) Blitzer

Published by Pearson
ISBN 10: 0-13446-914-3
ISBN 13: 978-0-13446-914-0

Chapter P - Section P.8 - Modeling with Equations - Concept and Vocabulary Check - Page 121: 5

Answer

The yearly interest combined for x dollars invested at 12% and $30,000-x$ dollars invested at 9% is $0.12x+0.09\left( 30,000-x \right)$.

Work Step by Step

According to the given conditions, we have: The interest for x dollars invested at 12% is calculated as follows: $x\times \frac{12}{100}=0.12x$ The interest for $30,000-x$ dollars invested at 9% is calculated as follows: $\left( 30,000-x \right)\times \left( \frac{9}{100} \right)=0.09\left( 30,000-x \right)$ Therefore, the combined yearly interest will be $0.12x+0.09\left( 30,000-x \right)$.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.