anonymous
  • anonymous
Linda invests $13,000 for one year. Part is invested at 4%, another part at 5%, and the rest at 7%. The total income from all 3 investments is $705. The combined income from the 4% and 5% investments is $75 more than the income from the 7% investment. Find the amount invested at each rate (can somebody please help me solve this problem, i am completely lost)
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
cant be too bad
anonymous
  • anonymous
let amount invested at 4% be x ammount at 5% be y amount at 7% be z
anonymous
  • anonymous
we know that the total amount invested is 13000 so x+y+z = 13000 ( one eqn )

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anonymous
  • anonymous
now, assuming simple interest ( which I think is what they want )
anonymous
  • anonymous
I = Prn
anonymous
  • anonymous
income from $x = x (0.04)(1) =0.04x
anonymous
  • anonymous
x*1.04+y*1.05=z*1.07 With only one year it has to be simple interest.
anonymous
  • anonymous
so ^ thats another eqn there
anonymous
  • anonymous
and last condition gives another eqn 0.04x +0.05y = 75 + 1.07z
anonymous
  • anonymous
lol that guys eqn was wrong
anonymous
  • anonymous
yeah it was, sorry, fiddling about now
anonymous
  • anonymous
should have been 0.04x + 0.05y + 0.07z = 705
anonymous
  • anonymous
so x+y+z = 13000 0.04x + 0.05y + 0.07z = 705 0.04x +0.05y = 75 + 1.07z
anonymous
  • anonymous
there eqns, three unknowns you can solve, im not doing boring pointless albegra
anonymous
  • anonymous
algebra
anonymous
  • anonymous
no EDIT : x+y+z = 13000 0.04x + 0.05y + 0.07z = 705 0.04x +0.05y = 75 + 0.07z made a little mistake when copying the second eqn
anonymous
  • anonymous
they should have it so you can delete posts z :| also, if you were to want to solve these eqns, the best first step would be to subtract eqns 2 and 3
anonymous
  • anonymous
yeah just word problems arent my thing :(

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