x¼$5000 invested at 7%12,000x¼12,000 5000 ¼7000 invested at 5%- Letx¼the amount of money invested at 1% and 3x¼the amount of
money invested at 4% andxþ 400 ¼the amount of money invested
at 3%.
1 %xþ 4 %ð 3 xÞþ 3 %ðxþ 400 Þ¼$ 1080 : 01 xþ 0 : 04 ð 3 xÞþ 0 : 03 ðxþ 400 Þ¼ 1080 : 01 xþ 0 : 12 xþ 0 : 03 xþ 12 ¼ 1080 : 16 xþ 12 ¼ 108 120 : 16 x¼ 960 : 161 x
0 : 161¼
96
0 : 16
x¼$600 invested at 1%3 x¼ 3 ð 600 Þ¼$1800 invested at 4%xþ 400 ¼ 600 þ 400 ¼$1000 invested at 3%- Letx¼the amount of money to be invested at 4%.
6 %ð$ 3000 Þþ 4 %x¼$ 372
0 : 06 ð 3000 Þþ 0 : 04 x¼ 372180 þ 0 : 04 x¼ 372180 180 þ 0 : 04 x¼ 372 1800 : 04 x¼ 1920 : 041 x
0 : 041¼
192
0 : 04
x¼$ 4800LESSON 15 Solving Finance Problems 171