Question

I'm having trouble how to set up this math problem:

Rebecca Herst received a year-end bonus of $17,000 from her company and invested the money in an account paying 6.5%. How much additional money should she deposit in an account paying 5% so that the return on the two investments will be 6%?

Answer 1

amount invested at 5% ----- x

solve for x
.05x + .065(17000) = .06(17000 + x)
times 200
10x + 13(17000) = 12(17000 + x)

take it from there.

Answer 2

Thanks