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Orlando is mixing nuts and cereal squares to make a party mix. Nuts sell for $7 a pound and cereal squares sell for $4 a pound. Orlando wants to make 30 pounds of party mix at a cost of $6.50 a pound, how many pounds of nuts and how many pounds of cereal squares should he use?

5 pounds cereal squares, 25 pounds nuts

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Becca wants to mix fruit juice and soda to make a punch. She can buy fruit juice for $3 a gallon and soda for $4 a gallon. If she wants to make 28 gallons of punch at a cost of $3.25 a gallon, how many gallons of fruit juice and how many gallons of soda should she buy?

21 gallons of fruit punch, 7 gallons of soda

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We can also use the mixture model to solve investment problems using simple interest    . We have used the simple interest formula, I = P r t , where t represented the number of years. When we just need to find the interest for one year, t = 1 , so then I = P r .

Stacey has $20,000 to invest in two different bank accounts. One account pays interest at 3% per year and the other account pays interest at 5% per year. How much should she invest in each account if she wants to earn 4.5% interest per year on the total amount?

Solution

We will fill in a chart to organize our information. We will use the simple interest formula to find the interest earned in the different accounts.

The interest on the mixed investment will come from adding the interest from the account earning 3% and the interest from the account earning 5% to get the total interest on the $20,000.

Let x = amount invested at 3%. 20,000 x = amount invested at 5%

The amount invested is the principal for each account.

We enter the interest rate for each account.

We multiply the amount invested times the rate to get the interest.

This table has four rows and four columns. The top row is a header row that reads from left to right Type, Amount invested, Rate, and Interest. The second row reads 3%, x, 0.03, and 0.03x. The third row reads 5%, 20,000 minus x, 0.05, and 0.05 times the quantity (20,000 minus x). The fourth row reads 4.5%, 20,000, 0.045, and 0.045 times 20,000.


Notice that the total amount invested, 20,000, is the sum of the amount invested at 3% and the amount invested at 5%. And the total interest, 0.045 ( 20,000 ) , is the sum of the interest earned in the 3% account and the interest earned in the 5% account.

As with the other mixture applications, the last column in the table gives us the equation to solve.

Write the equation from the interest earned.

Solve the equation.
0.03 x + 0.05 ( 20,000 x ) = 0.045 ( 20,000 ) 0.03 x + 1,000 0.05 x = 900 0.02 x + 1,000 = 900 0.02 x = 100 x = 5,000
amount invested at 3%
Find the amount invested at 5%. .
.
.
Check.
0.03 x + 0.05 ( 15,000 + x ) 0.045 ( 20,000 ) 150 + 750 900 900 = 900
Stacey should invest $5,000 in the account that
earns 3% and $15,000 in the account that earns 5%.

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Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other fund pays interest at 7% per year. How much should she invest in each fund if she wants to earn 6.1% interest on the total amount?

$4,200 at 4%, $9,800 at 7%

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Marco has $8,000 to save for his daughter’s college education. He wants to divide it between one account that pays 3.2% interest per year and another account that pays 8% interest per year. How much should he invest in each account if he wants the interest on the total investment to be 6.5%?

$2,500 at 3.2%, $5,500 at 8%

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Key concepts

  • Total Value of Coins For the same type of coin, the total value of a number of coins is found by using the model.
    n u m b e r · v a l u e = t o t a l v a l u e where number is the number of coins and value is the value of each coin; total value is the total value of all the coins
  • Problem-Solving Strategy—Coin Word Problems
    1. Read the problem. Make all the words and ideas are understood. Determine the types of coins involved.
      • Create a table to organize the information.
      • Label the columns type, number, value, total value.
      • List the types of coins.
      • Write in the value of each type of coin.
      • Write in the total value of all the coins.
    2. Identify what we are looking for.
    3. Name what we are looking for. Choose a variable to represent that quantity.
      Use variable expressions to represent the number of each type of coin and write them in the table.
      Multiply the number times the value to get the total value of each type of coin.
    4. Translate into an equation. It may be helpful to restate the problem in one sentence with all the important information. Then, translate the sentence into an equation.
      Write the equation by adding the total values of all the types of coins.
    5. Solve the equation using good algebra techniques.
    6. Check the answer in the problem and make sure it makes sense.
    7. Answer the question with a complete sentence.

Questions & Answers

Geneva treated her parents to dinner at their favorite restaurant. The bill was $74.25. Geneva wants to leave 16 % of the total - bill as a tip. How much should the tip be?
74.25 × .16 then get the total and that will be your tip
David
$74.25 x 0.16 = $11.88 total bill: $74.25 + $11.88 = $86.13
ericka
yes and tip 16% will be $11.88
David
what is the shorter way to do it
Cesar Reply
Priam has dimes and pennies in a cup holder in his car. The total value of the coins is $4.21. The number of dimes is three less than four times the number of pennies. How many dimes and how many pennies are in the cup?
Alexandra Reply
Uno de los ángulos suplementario es 4° más que 1/3 del otro ángulo encuentra las medidas de cada uno de los angulos
Enith Reply
June needs 48 gallons of punch for a party and has two different coolers to carry it in. The bigger cooler is five times as large as the smaller cooler. How many gallons can each cooler hold?
Alexandra Reply
I hope this is correct, x=cooler 1 5x=cooler 2 x + 5x = 48 6x=48 ×=8 gallons 5×=40 gallons
ericka
Priam has pennies and dimes in a cup holder in his car. The total value of the coins is $4.21 . The number of dimes is three less than four times the number of pennies. How many pennies and how many dimes are in the cup?
Cecilia Reply
Arnold invested $64,000 some at 5.5% interest and the rest at 9% interest how much did he invest at each rate if he received $4500 in interest in one year
Heidi Reply
List five positive thoughts you can say to yourself that will help youapproachwordproblemswith a positive attitude. You may want to copy them on a sheet of paper and put it in the front of your notebook, where you can read them often.
Elbert Reply
Avery and Caden have saved $27,000 towards a down payment on a house. They want to keep some of the money in a bank account that pays 2.4% annual interest and the rest in a stock fund that pays 7.2% annual interest. How much should they put into each account so that they earn 6% interest per year?
Leika Reply
324.00
Irene
1.2% of 27.000
Irene
i did 2.4%-7.2% i got 1.2%
Irene
I have 6% of 27000 = 1620 so we need to solve 2.4x +7.2y =1620
Catherine
I think Catherine is on the right track. Solve for x and y.
Scott
next bit : x=(1620-7.2y)/2.4 y=(1620-2.4x)/7.2 I think we can then put the expression on the right hand side of the "x=" into the second equation. 2.4x in the second equation can be rewritten as 2.4(rhs of first equation) I write this out tidy and get back to you...
Catherine
Darrin is hanging 200 feet of Christmas garland on the three sides of fencing that enclose his rectangular front yard. The length is five feet less than five times the width. Find the length and width of the fencing.
Ericka Reply
Mario invested $475 in $45 and $25 stock shares. The number of $25 shares was five less than three times the number of $45 shares. How many of each type of share did he buy?
Jawad Reply
let # of $25 shares be (x) and # of $45 shares be (y) we start with $25x + $45y=475, right? we are told the number of $25 shares is 3y-5) so plug in this for x. $25(3y-5)+$45y=$475 75y-125+45y=475 75y+45y=600 120y=600 y=5 so if #$25 shares is (3y-5) plug in y.
Joshua
will every polynomial have finite number of multiples?
cricket Reply
a=# of 10's. b=# of 20's; a+b=54; 10a + 20b=$910; a=54 -b; 10(54-b) + 20b=$910; 540-10b+20b=$910; 540+10b=$910; 10b=910-540; 10b=370; b=37; so there are 37 20's and since a+b=54, a+37=54; a=54-37=17; a=17, so 17 10's. So lets check. $740+$170=$910.
David Reply
. A cashier has 54 bills, all of which are $10 or $20 bills. The total value of the money is $910. How many of each type of bill does the cashier have?
jojo Reply
whats the coefficient of 17x
Dwayne Reply
the solution says it 14 but how i thought it would be 17 im i right or wrong is the exercise wrong
Dwayne
17
Melissa
wow the exercise told me 17x solution is 14x lmao
Dwayne
thank you
Dwayne
Practice Key Terms 1

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Source:  OpenStax, Elementary algebra. OpenStax CNX. Jan 18, 2017 Download for free at http://cnx.org/content/col12116/1.2
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