answersLogoWhite

Top Answer
User Avatar
Wiki User
Answered 2009-04-25 13:51:12

If the man invest x dollars at a 6% rate, he will invest 1,000 - x dollars at a 7% rate. So the equation will be:

2(0.06x) = 0.07(1,000 - x)

0.12x = 70 - 0.07x add 0.07x to both sides;

0.19x = 70 divide by 0.19 to both sides;

x = 368.42

Thus, the man will invest $ 368.42 at a rate 6%, and $ 631.58 at a rate 7%.

So he will make (368.42 x 0.06) $ 22.11 in the first investment, and (631.58 x 0.07) $44.21 in the second investment.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...

Still Have Questions?

Related Questions

What is 70 percent of 10000 dollars?

10000*70/100 = 7000 dollars.


What is 20 percent of 10000 dollars?

2000 dollars


How can you invest 10000 us dollars?

go into a shop and give it to the shop keeper


What is 30 percent of 10000 dollars?

3000


What is 15 percent of 10000 dollars?

$1500


What is 16 percent of TEN-THOUSAND DOLLARS?

16% of 10000 = 10000*16/100 = 1600 dollars


What is 5.0 percent of 10000 dollars?

5% of $10,000.00 = 5% * 10000 = 0.05 * 10000 = $500.00


What is 40 percent of 10000 dollars?

40% = 40/100 = 0.4now 40 percent of 10000 is 0.4x10000 = 4000dollars


What is 5 percent of 10000 dollars?

10% of $10000 would be $1000. So 5% of $10000 must be $500.


What is the future value of 10000 dollars with 5 percent interest in 20 years?

V = 10000*(1.05)20 = 26532.98 dollars


What is 1 percent of 1000000 dollars?

1 x 1000000 / 100 = 10000 dollars


What is 6.5 percent of 10000 dollars?

6.5% of $10,000 is $650


Invest 10000 at 5 percent annual interest how much would you have in 3 years?

You will have $11576.25


What is two tenths of one percent of ten thousand dollars?

1% of 10000 dollars is 100 dollars. Two tenths of that is 20 dollars.


How much is 5 percent in10000 dollars?

5 ÷ 100 × 10000 = $500


What is 20 percent of 50000 dollars?

20% = 0.20 $50000 x 0.20 = $10000


What is 7 percent of a million dollars?

1000000 x 0.07 = 7 x 10000 = 70,000


What is 30 percent of 10000?

30 percent of 10000 = 300030% of 10000= 30% * 10000= 0.30 * 10000= 3000


What is 0.50 percent of 10000?

0.50 percent of 10000 = 500.50% of 10000= 0.50% * 10000= 0.005 * 10000= 50


2 million dollars.?

10000+10000=2 million dollars


What is 4.84 percent of 10000?

4.84 percent of 10000 is 484.


What is a good way to invest 10000?

You can invest it in life insurance or anything important like that.


What is 2.25 percent of 10000?

2.25 percent of 10000 = 225 2.25% of 10000 = 2.25% * 10000 = 2.25%/100% * 10000 = 2.25 * 100 = 225


What is the percent of 100?

percent of 100 = 10000%= 100 * 100%= 10000%


How much is 25 percent of 10000?

25 percent of 10000 is 2500.