document.write( "Question 179787: A total of $50,000 is invested in two funds paying 8% and 8.5% simple interest. The annual interest is $4120. How much is invested in each fund? \n" ); document.write( "
Algebra.Com's Answer #134701 by Mathtut(3670)![]() ![]() ![]() You can put this solution on YOUR website! let x and y be the amount invested at 8% and 8.5% respectively \n" ); document.write( ": \n" ); document.write( "x+y=50000........eq 1 \n" ); document.write( ".08x+.085y=4120.eq 2 \n" ); document.write( ": \n" ); document.write( "rewrite eq 1 to x=50000-y and plug that value into eq 2 \n" ); document.write( ": \n" ); document.write( ".08(50000-y)+.085y=4120 \n" ); document.write( ": \n" ); document.write( "4000-.08y+.085y=4120 \n" ); document.write( ": \n" ); document.write( ".005y=120 \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " |