I am having trouble starting and solving these two problems.
1.If Ben invests $2,000 at 4% interest per year, how much additional money must he invest at 5.5% annual interest to ensure that the interest he receives each year is 4.5 % of the total amount he invests?
Ben's second investment: $__________ at 5.5%.
I know that 4% of $2000 dollars would be $80. But, I am having trouble coming up with variables to form an equation to solve the problem.
2. What quantity of a 50% acid solution must be mixed with a 20% solution to produce 150 mL of a 40% solution?
_________ mL of 50% solution must be added.
I tend to have trouble with mixture problems, and I can't even find a way to start to solve this problem.
Thanks in advance to everyone who helps me.
1.If Ben invests $2,000 at 4% interest per year, how much additional money must he invest at 5.5% annual interest to ensure that the interest he receives each year is 4.5 % of the total amount he invests?
Ben's second investment: $__________ at 5.5%.
I know that 4% of $2000 dollars would be $80. But, I am having trouble coming up with variables to form an equation to solve the problem.
2. What quantity of a 50% acid solution must be mixed with a 20% solution to produce 150 mL of a 40% solution?
_________ mL of 50% solution must be added.
I tend to have trouble with mixture problems, and I can't even find a way to start to solve this problem.
Thanks in advance to everyone who helps me.