document.write( "Question 170396: Sarah invested $5000 in two funds, paying 7% and 9% annual interest respectively. If the total interest earned for the year was $375, how much was invested at each rate? \n" ); document.write( "
Algebra.Com's Answer #125785 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Sarah invested $5000 in two funds, paying 7% and 9% annual interest respectively. If the total interest earned for the year was $375, how much was invested at each rate? \n" ); document.write( "--------------------------- \n" ); document.write( "Interest Equation: 0.07x + 0.09(5000-x) = 375 dollars \n" ); document.write( "7x + 9(5000-x) = 37500 \n" ); document.write( "7x + 45000 -9x = 37500 \n" ); document.write( "-2x = -7500 \n" ); document.write( "x = $3750.00 (amt. invested at 7% \n" ); document.write( "5000-3750 = $1250 (amt. invested at 9%) \n" ); document.write( "========================================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |