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-   -   Investing some money and asked for how much (https://www.askmehelpdesk.com/showthread.php?t=90548)

  • May 8, 2007, 01:55 PM
    Gift
    Investing some money and asked for how much
    I can't figure out what I should do to solve this question. So I think someone could help me! :)


    "A man invests some money at 8 percent interest and twice as much at 6 percent. If the total income from the two investments is $250,how much is invested at the lower rate?"
  • May 8, 2007, 02:29 PM
    ebaines
    This is a straight-forward algebra problem with 2 equations in 2 unknowns. The unknowns are:

    A: the amount invested that pays 8%
    B: the amount invested that pays 6%.

    can you see how to set these 2 unknowns up into 2 equations?
  • May 8, 2007, 02:32 PM
    Gift
    Not really! :(
    I'm still confused with what the two investments are going to be.
    I don't know how to figure it out.
  • May 8, 2007, 02:44 PM
    ebaines
    The man earns $250 consisting of 0.08*A plus 0.06*B, and the amount of B is twice the amount of A. Two equations in two unknowns. Solve for B.
  • May 8, 2007, 03:21 PM
    Gift
    OHHH I SEE!!
    Thank you so much for helping me out!
    I got it!! YEAH :]
    Thanks again!

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