Homework Help: math

Posted by Robert on Thursday, April 28, 2011 at 8:27pm.

Amy has $200 less invested at 9% than she does at 6.5%. If the annual return from the two investments is the same, how much is invested at each rate?

math - MathMate, Thursday, April 28, 2011 at 9:06pm
If she invested $X at 9%, then she invested $(X+200) at 6.5%.

Since the return is the same, then
X*0.09 = (X+200)*0.065
X(0.09-0.065)=200*0.065
0.025X = 13
X = 13/0.025 = $520 at 9%
X+200 = $720 at 6.5%

Answer this Question

Related Questions

business - A women has $500,000 invested in two rental properties. One yields an...
Algebra - I invested $42,000 in three funds paying 5%, 7%, and 9% simple ...
math - 1. Investment. Part of $25,000 is invested at 10 percent, another part is...
algebra - Could you please answer this? Investment. Part of $25,000 is invested ...
need help math - Solve the problem. Roberto invested some money at 7%, and then ...
math - Miss Ramirez has invested $6,000 at 5%. How much additional money must ...
math - a) 1150 dollars invested at 9% annual interest rate (compounded yearly) ...
math - if $9,000 is to be invested, part at 13% and the rest at 8% simple ...
Math - melissa invested a some of money at 3% annual simple inter she invested ...
math - Two investments earn a total annual income of $2825. One investment is in...

For Further Reading

First Name:
School Subject:
Answer: