document.write( "Question 145773: You place $10,000 into two bank accounts. One of the accounts pays 2% and the other pays 3%. After one year you earned $250 in interest. How much money did you have in each account? \n" ); document.write( "
| Algebra.Com's Answer #106402 by ankor@dixie-net.com(22740)     You can put this solution on YOUR website! You place $10,000 into two bank accounts. One of the accounts pays 2% and the other pays 3%. After one year you earned $250 in interest. How much money did you have in each account? \n" ); document.write( ": \n" ); document.write( "Let x = amt invested at 3% \n" ); document.write( ": \n" ); document.write( "It said the total invested is $10,000, therefore: \n" ); document.write( "(10000-x) = amt invested at 2% \n" ); document.write( ": \n" ); document.write( "Int at 3% + int at 2% = $250 \n" ); document.write( ".03x + .02(10000-x) = 250 \n" ); document.write( ": \n" ); document.write( ".03x + 200 - .02x = 250 \n" ); document.write( ": \n" ); document.write( ".03x - .02x = 250 - 200 \n" ); document.write( ": \n" ); document.write( ".01x = 50 \n" ); document.write( "x = \n" ); document.write( "x = 5000 invested at 3%, then obviously, it's also 5000 invested at 2% \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "Check solution \n" ); document.write( ".03(5000) + .02(5000) = \n" ); document.write( "150 + 100 = 250 \n" ); document.write( " |