Ralph chase invested $85000 at an interest of 10% and $70000 at an interest of 8%
<h3>What is an
equation?</h3>
An equation is an expression that shows the relationship between two or more numbers and variables.
An independent variable is a variable that does not depends on other variable while a dependent variable is a variable that depends on other variable.
Let a represent the amount invested at interest of 10% and b represent the amount invested at 8%, hence:
a + b = 155000 (1)
Also:
0.1a + 0.08b = 14100 (2)
From both equations:
a = 85000, b = 70000
Ralph chase invested $85000 at an interest of 10% and $70000 at an interest of 8%
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.55 is the answer. I hope this helped a great deal!
Answer:
Step-by-step explanation:
Given
Required
Solve for x
Subtract 5 from both sides
Divide through by 3
