Friday

December 19, 2014

December 19, 2014

Posted by **Shakeria** on Tuesday, June 29, 2010 at 10:16am.

- algebra 2 -
**Henry**, Thursday, July 1, 2010 at 9:40pmBecause the two interest rates are slightly different,the investment

at 8% will be less than 2/3 of the

7.2% investment by an amount equal

to the difference between the interest

rates. 2/3=0.6666, 0.6666-(.08-.072)=

0.6586. The investment at 7.2%=X dollars, The investment at 8%=0.6586X

dollars. X+0.6586X=24000, X=14470.03

0.6586X=9529.96

INV @ 7.2%=14,470.03

INV @ 8%=9529.96

**Answer this Question**

**Related Questions**

algebra 2 - Lisa Chen invested $24,000, part at 8% and the rest at 7.2%. How ...

algebra 2 - Lisa Chen invested $24,000, part at 8% and the rest at 7.2%. How ...

Algebra 2 URGENT - Lina Chen invested $24,000, part at 8% and the rest at 7.2%. ...

Algebra - Sam invested $1950 part of it at 6% and the rest at 8% yearly interest...

algebra - Could you please answer this? Investment. Part of $25,000 is invested ...

math - Splitting investments. Joan had $3,000 to invest. She invested part of ...

math - 1. Investment. Part of $25,000 is invested at 10 percent, another part is...

Algebra - Belinda had $50,000 to invest. She invested part of it at 10% and the ...

Finance - suppose you have $12000 to invest. if part is invested 10% and the ...

business - Belinda had $20,000 to invest. She invested part of it at 10% and the...