SOLUTION: an ivestment of $4400 is made into a 10.5% annual simple interest account. How much money is deposited into a 8% annual simple interest account if the total annual interest earned

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Evaluation -> SOLUTION: an ivestment of $4400 is made into a 10.5% annual simple interest account. How much money is deposited into a 8% annual simple interest account if the total annual interest earned       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

   


Question 60647: an ivestment of $4400 is made into a 10.5% annual simple interest account. How much money is deposited into a 8% annual simple interest account if the total annual interest earned on both accounts is 9% of the total investment.
Answer by josmiceli(6786) About Me  (Show Source):
You can put this solution on YOUR website!
4400+%2A+.105+%2B+x+%2A.08+=+.09%2A%284400+%2B+x%29
462+%2B+.08%2Ax+=+396+%2B+.09%2Ax
30+=+.01x
x+=+3000
$3,000 must be invested at 8%