Open Question: I made an investment of $6000 at an annual simple interest rate of 5.5%?

9:18 Publicado por Nadim

I made an investment of 6000 at an annual simple interest rate of 5.5%. How much additional money must she invest at an annual simple interest rate of 10% in order for the total annual interest earned to be 7% of the investment?
I can't quite set up the equation.

6000(.055) + .10x = (6000[.055] + .10x)(.07)?

Please help


View the original article here

  • Digg
  • del.icio.us
  • StumbleUpon
  • Yahoo! Buzz
  • Technorati
  • Facebook
  • TwitThis
  • MySpace
  • LinkedIn
  • Live
  • Google
  • Reddit
  • Sphinn
  • Propeller
  • Slashdot
  • Netvibes

0 comentarios:

Publicar un comentario