here is the problem..
you are going to invest $25,000 part at 14% and part at 16%. what is the most that can be invested at 14% to make at least $3000 interest per year?
HELP PLEASE this must be solved using inequalities :) PLEASE!! a million thanks!!
2006-10-30 22:49:38 · 4 answers · asked by Martin M 1 in Education & Reference ➔ Homework Help
You must have made a mistake in copyint the problem because if the whole amount of $25,000 is invested at 14% ,it fetches an annual interes of $3500.Plrsdr correct the problem and send it immediately.
2006-10-31 00:50:15 · answer #1 · answered by alpha 7 · 0⤊ 0⤋
Looks impossible to me because the lowest amount you can earn is $3500 by investing the whole sum @ 14%. I give up.
2006-10-30 23:02:59 · answer #2 · answered by Ted T 5 · 0⤊ 0⤋
let first part be x and second 25000-x
int1 is x14/100
int2 is (25000 -x)16/100
add the two equate to 3000
does not seem like an inequality problem at least the way it is framed here.Pl Im me if I am wrong
2006-10-30 23:22:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I wish I can help but I'm bad in math too. I'm not quite sure how to do the problem
2006-10-31 01:20:15 · answer #4 · answered by anonymous 2 · 0⤊ 0⤋