Ask your own question, for FREE!
Mathematics 8 Online
OpenStudy (anonymous):

$5,000 is invested at 3% interest. How much money must be invested at 5% interest so that the total interest from the two investments is $275 after one year?

OpenStudy (anonymous):

how much was made on 3% of $5,000 ?

OpenStudy (anonymous):

@willow someone is asking you a question...

OpenStudy (anonymous):

150

OpenStudy (anonymous):

ok and if you want a total of $275, how much more money do you need?

OpenStudy (anonymous):

125...

OpenStudy (anonymous):

ok good, so now we can start the actual problem, which is to solve $125 is 5% of what number?

OpenStudy (anonymous):

2500

OpenStudy (anonymous):

we translate directly in to math 125 is 125 "is" is equals \(=\) \(5\%=.05\) "of" is times \(\times \) "what number" is any variable. i choose \(x\) and write \[125=.05x\] solve for \(x\)

OpenStudy (anonymous):

you got it. the solution was \[125\div .05=2500\]

OpenStudy (anonymous):

thank you (:

OpenStudy (anonymous):

yw http://www.youtube.com/watch?v=MLiPCpENAM8

OpenStudy (anonymous):

actually you did all the work, so thanks to you

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!