Walt mad an extra $9000 last year from a part-time job. He invested part of the money 8% and the rest at 10%. He made a total of $780 In interest. How much was invested at 10%.
If somebody could please explain how to do this that would be great. I will give 10 pts to the best answer when I can award them.
Thanks in advance.
If somebody could please explain how to do this that would be great. I will give 10 pts to the best answer when I can award them.
Thanks in advance.
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Let the amount invested at 10% be x. Then the amount invested at 8% is (9000 - x).
.08(9000 - x) + .10x = 780
Distribute the .08:
720 - .08x + .10x = 780
Subtract 720 from each side:
.10x - .08x = 780 - 720
Simplify both sides:
.02x = 60
Divide both sides by .02:
x = 60/.02 = 3000
Walt invested $3,000 at 10%.
.08(9000 - x) + .10x = 780
Distribute the .08:
720 - .08x + .10x = 780
Subtract 720 from each side:
.10x - .08x = 780 - 720
Simplify both sides:
.02x = 60
Divide both sides by .02:
x = 60/.02 = 3000
Walt invested $3,000 at 10%.
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let he be investing x amount in 8% and y amount in 10%.
Obviously,
x+y=9000
y=9000-x
from the second data(8% of x=0.08x),
(0. 08x)+(0.1y)=780
On sub y=9000-x,
(0. 08x)+(0.1(9000-x))=780
(0. 08x)+(900-0.1x)=780
900-0.02x=780
120=0.02x
x=120/0.02
x=6000
and,
y=9000-x
y=3000
The answer is,
He invested 6000 in 8% interest and 3000 in 10% interest.
Hope this was helpful..
Obviously,
x+y=9000
y=9000-x
from the second data(8% of x=0.08x),
(0. 08x)+(0.1y)=780
On sub y=9000-x,
(0. 08x)+(0.1(9000-x))=780
(0. 08x)+(900-0.1x)=780
900-0.02x=780
120=0.02x
x=120/0.02
x=6000
and,
y=9000-x
y=3000
The answer is,
He invested 6000 in 8% interest and 3000 in 10% interest.
Hope this was helpful..
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a - part of money invested with 8%
b part of money invested with 10%
a+b=$9000
ax8/100+bx10/100=780
a+b=9000
0.08a+0.1b=780
a+b=9000
8a+10b=78000
a=9000-b
8(9000-b)+10b=78000
a=9000-b
72000-8b+10b=78000
a=9000-b
2b=6000 => b=$3000
a=$6000
proof
$6000x8/100+$3000x10/100=480+300=780
b part of money invested with 10%
a+b=$9000
ax8/100+bx10/100=780
a+b=9000
0.08a+0.1b=780
a+b=9000
8a+10b=78000
a=9000-b
8(9000-b)+10b=78000
a=9000-b
72000-8b+10b=78000
a=9000-b
2b=6000 => b=$3000
a=$6000
proof
$6000x8/100+$3000x10/100=480+300=780
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$3000 @ 10%=$300 $6000@8%=$480 $300 +480=$780