Word Problems Involving Investments
Investment type problems are a type of mixture problem. In this type of problem we are mixing money into different accounts. For example…. . . Ron Burgandy has $15, 000 to invest. He plans to diversify his money by investing it in two different accounts. One account gives 11. 5% interest and the other 9% interest. If he wants to make $1562. 50 in interest in the first year, how much should he place in each account? BACK
Ron Burgandy has $15, 000 to invest. He plans to diversify his money by investing it in two different accounts. One account gives 11. 5% interest and the other 9% interest. If he wants to make $1562. 50 in interest in the first year, how much should he place in each account? x 15000 - x 15, 000 . 115 x . 09(15000 -x) 1562. 50 The interest of the 2 accounts added together equal the total. BACK
Ron invested $8500 in the 11. 5% acct. and $6500 in the 9% acct. BACK
Chazz Michaels invested $12, 500 in two simple interest accounts. One account earns annual simple interest of 7% while the other earns 6%. How much was invested at each rate if each account earned the same interest? Round your answer to the nearest dollar. 7% 6% Principle x 12500 - x Rate. 07. 06 Interest. 07 x. 06(12500 -x) 12, 500 To write the equation, the original problem states that the amount of interest is equal. BACK
Word Problems Involving Investments
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