document.write( "Question 229043: You invest $10,000 into 2 accounts, one earning 2% and the other 4%. The dividends are $320 at the end of the year. Find the amount in the 2% account. \n" ); document.write( "
Algebra.Com's Answer #170227 by MLipsky(9)![]() ![]() ![]() You can put this solution on YOUR website! We don't know how much is in either account. We do know that both accounts total $10,000.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Amount in first account: x \n" ); document.write( "Amount in second account: 10000-x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The dividends from the first account will be 2% of \"x\", and from the second account, they'll be 4% of \"10000-x\".\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "0.02x \n" ); document.write( "0.04(10000-x)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The total dividends are $320.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "0.02x + 0.04(10000-x) = 320 \n" ); document.write( "0.02x + 400 - 0.04x = 320 (distributed 0.04) \n" ); document.write( "-0.02x + 400 = 320 (combines like terms, \"x\") \n" ); document.write( "-0.02x = -80 (subtracted 400 from both sides) \n" ); document.write( "x = -80/-0.02 (divided both sides by -0.02) \n" ); document.write( "x = 4000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So, there is $4000 in the first account, and looking back at the question, that's what it was asking. Done!\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " For online tutoring, or worked problems by e-mail, please visit Math Locker.com \n" ); document.write( " |