SOLUTION: I've been trying to solve this question for about two hours. I just can't seem to get the starting equation right. Jan has $2000 more invested in a stock that pays 9% interest

Algebra ->  Algebra  -> Coordinate Systems and Linear Equations  -> Lessons  -> Linear Equations Lesson -> SOLUTION: I've been trying to solve this question for about two hours. I just can't seem to get the starting equation right. Jan has $2000 more invested in a stock that pays 9% interest       Log On

Ad: You enter your algebra equation or inequality - Algebrator solves it step-by-step while providing clear explanations. Free on-line demo .
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   


Question 143048This question is from textbook
: I've been trying to solve this question for about two hours. I just can't seem to get the starting equation right.
Jan has $2000 more invested in a stock that pays 9% interest than in a savings account paying 8%. If her total interest for 1 year is $860, how much does she have invested at each rate?
This question is from textbook

Answer by scott8148(5891) About Me  (Show Source):
You can put this solution on YOUR website!
let x=savings account, so x+200=stock

(x+2000)(9%)+(x)(8%)=860 __ multiplying by 100 to clear percentages __ 9x+18000+8x=86000

17x=68000 __ x=4000