Precalculus: Mathematics for Calculus, 7th Edition

Published by Brooks Cole
ISBN 10: 1305071751
ISBN 13: 978-1-30507-175-9

Chapter 10 - Section 10.1 - Systems of Linear Equations in Two Variables - 10.1 Exercises - Page 690: 72

Answer

He invests $\$ 32,000$ at $6\%,$ $\$ 16,000$ at $10\%.$

Work Step by Step

If he invests x dollars at 6% interest, y dollars at 10% interest, then $x=2y$ and $0.06x+0.10y=3520\qquad\times 100$ $6x+10y=352,000$ Substituting $x=2y \ \ $into the last equation, $6(2y)+10y=352,000$ $22y=352,000$ $y=16,000$ Back-substitute: $x=2y=2(16,000)=32,000$ He invests $\$ 32,000$ at $6\%,$ $\$ 16,000$ at $10\%.$
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