document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=26284>Question 26284</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investment advisor invested $14,000 in two accounts. One investment earned 8% annual simple interest and the other investment earned 6.5% annual simple interest. The amount of interest earned for 1 year was $1024. How much was invested in each account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #14128 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=14128\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let amount invested at 6.5% be \"x\"<BR>\n" );
document.write( "The amount invested at 8% is \"14000-x\"<BR>\n" );
document.write( "Interest on 6.5% money is 6.5%x= 0.065x<BR>\n" );
document.write( "Interest on 8% money is 8%(14000-x)=0.08(14000)-0.08x=1120-0.08x<BR>\n" );
document.write( "EQUATION:<BR>\n" );
document.write( "Int. + Int. = $1024<BR>\n" );
document.write( "0.065x+1120-0.08x=1024<BR>\n" );
document.write( "-.015x= -96<BR>\n" );
document.write( "    x= 6400 dollars (amount invested at 6.5%<BR>\n" );
document.write( "14000-6400=7600 (amount invested at 8%\r<BR>\n" );
document.write( "\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );