document.write( "Question 201840: Anthony invested a certain amount of money into a savings account, and invested 3 times that amount into a mutual fund. Of after one year the savings account earned 5% interest and the mutual fund earned 11% interest, and the total interest earned from the two investments was $152, how much did Anthony initially invest in each? To earn credit, You must contruct an algebrais equation with a variable and solve using algebra steps. \n" ); document.write( "
Algebra.Com's Answer #152099 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! x=savings \n" ); document.write( "3x=mutual fund \n" ); document.write( "---------------- \n" ); document.write( ".05x+.11(3x)=152 \n" ); document.write( ".05x+.33x=152 \n" ); document.write( ".38x=152 \n" ); document.write( "x=$400 invested in savings \n" ); document.write( "3x=$1200 invested in mutual fund\r \n" ); document.write( "\n" ); document.write( "savings interest=$20 \n" ); document.write( "mutual fund interest=$132 \n" ); document.write( " |