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 #134702 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! .085x+.08(50,000-x)=4120 \n" ); document.write( ".085x+4,000-.08x=4120 \n" ); document.write( ".005x=4,120-4,000 \n" ); document.write( ".005x=120 \n" ); document.write( "x=120/.005 \n" ); document.write( "x=120/.005 \n" ); document.write( "x=24,000 invested @ 8.5% \n" ); document.write( "50,000-24,000=26,000 invested @ 8% \n" ); document.write( "Proof: \n" ); document.write( ".085*24,000+.08*26,000=4,120 \n" ); document.write( "2040+2080=4,120 \n" ); document.write( "4,120=4,120 \n" ); document.write( " |