Monday, August 10, 2015

I need an equation to solve the following problem.Al invested a part of $800 at 9% per annum and the rest at 12% per annum. After one year the...

The total investment = %800.


Let
the two Parts of $800 be P and (800-P) dollars invested in 9% and 12%
respectively.


Then the the interest at the end of the year for
 investment P is PNR/100 = P*1*9/100 = 9P/100.


Similarly the
interest earned on the investment (800-P) dollars = (800-P)NR/100 = (800-P)*1*12/100 =
12(800-P)/100.


Therefore the sum of the interests of two investments
= 9P/100+12(800-P)/100 = (9P+9600-12P)/100 = (9600-3P)/100


But the
above interest is given to be $79.5.


Therefore  we have the
equation:


(9600 - 3P)/100 =
$79.5.....(1).


We can now  solve for
P.


Multiply both sides of (1) by
100:


9600 - 3P = 79.5(100) = 7950.


9600
-7950 = 3P


1650 = 3P.


1650/3 =
3P/3.


550 = P.


Therefore  investments
are : $550 in 9% interest and $(800-550) = $250 in 12%.


Tally:
550*9/100 + 250*12/100 = 49.5 + 30 = 79.5.


The
intare

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