document.write( "Question 178469: Suzanne invested $19,800 in two mutual fund accounts. During the subsequent year, on mutual fund earned 10% and the othe earned 6%. At the end of the year, the total interest earned was $1,492.00. How much did she invest in each fund?\r
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Algebra.Com's Answer #133404 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Suzanne invested $19,800 in two mutual fund accounts. During the subsequent year, on mutual fund earned 10% and the othe earned 6%. At the end of the year, the total interest earned was $1,492.00. How much did she invest in each fund? \n" ); document.write( "------------------- \n" ); document.write( "Equation: \n" ); document.write( "interest + interest = interest \n" ); document.write( "0.10x + 0.06(19,800-x) = 1492\r \n" ); document.write( "\n" ); document.write( "Multiply thru by 100 to get:\r \n" ); document.write( "\n" ); document.write( "10x + 6*19800 - 6x = 149200 \n" ); document.write( "4x = 149200 - 6*19800 \n" ); document.write( "x = $7600 (amt. invested at 10%) \n" ); document.write( "19800-x = 19800-7600 = $12,200 (amt. invested at 6%) \n" ); document.write( "=============== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |