Question

Ms. Blackmon invested $8000, part at 4% and the rest at 5% per year. How much did she invest at each rate if her total return per year on the investments was $380?
show work

Answer 1

(8000 - x)0.04 + 0.05x = 380

Answer 2

can u solve this equation

Answer 3

my answer doesn't seem right

Answer 4

x is one of the amounts he invested and as the total is 8000 the rest is invested at the other rate

Answer 5

what did you get?

Answer 6

x = 6000

Answer 7

lets see what the eqwuation gives
8000 * 0.04 - 0.04x + 0.05x = 380
.01x = 380 - 320 = 60
x = 60 /.01 = 6000
thats right 6000 at 4percent and 2000 at 5 percent

Answer 8

good job

Answer 9

thanks for your help!!!

Answer 10

yw

Answer 11

I have another one posted if you can help