A 50,000 Investment To 2 Places Nets -850. One Gains 6% One Loses 8%. What Are The Investments?
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Let x = the investment at -8%, then 50,000-x = the investment at 6%.
-8%(x) + 6%(50,000 - x) = -850
x(-8%-6%) + 6%(50,000) = -850
x(-14%) + 3000 = -850
x(-.14) = -3850
x = -3850/-.14 = 27,500 = investment at -8%
50,000 - x = 22,500 = investment at +6%
-8%(x) + 6%(50,000 - x) = -850
x(-8%-6%) + 6%(50,000) = -850
x(-14%) + 3000 = -850
x(-.14) = -3850
x = -3850/-.14 = 27,500 = investment at -8%
50,000 - x = 22,500 = investment at +6%
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