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)\"\" \"About 
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let x and y be the amount invested at 8% and 8.5% respectively
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\n" ); document.write( "x+y=50000........eq 1
\n" ); document.write( ".08x+.085y=4120.eq 2
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\n" ); document.write( "rewrite eq 1 to x=50000-y and plug that value into eq 2
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\n" ); document.write( ".08(50000-y)+.085y=4120
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\n" ); document.write( "4000-.08y+.085y=4120
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\n" ); document.write( ".005y=120
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\n" ); document.write( "\"highlight%28y=24000%29\"amount invested at 8.5%
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\n" ); document.write( "\"highlight%28x=50000-24000=26000%29\"amount invested at 8%
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