document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=194500>Question 194500</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/9780073533506/algebrahomeworkh></A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> Anita invested a certain amount of money into a savings account, and invested twice that amount into a mutual fund. If after one year of time the savings account earned 5% interest and the mutual fund earned 8% interest, and total earned from the two investments in that year was $105, how much did Anita initially invest into both?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #145965 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=145965\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Anita invested a certain amount of money into a savings account, and invested twice that amount into a mutual fund. If after one year of time the savings account earned 5% interest and the mutual fund earned 8% interest, and total earned from the two investments in that year was $105, how much did Anita initially invest into both? <BR>\n" );
document.write( "-----------------------<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "interest + interest = 105 dollars<BR>\n" );
document.write( "0.05x + 0.08(2x) = 105<BR>\n" );
document.write( "Multiply thru by 100 to get:<BR>\n" );
document.write( "-------------<BR>\n" );
document.write( "5x + 16x = 10500<BR>\n" );
document.write( "21x = 10500<BR>\n" );
document.write( "x = $500 (amt. invested at 5%)<BR>\n" );
document.write( "2x = $1000 (amt. invested at 8%)<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );