document.write( "Question 240600: ms. Jones invested 18,000 in two accounts. One account pays 6 % simple interest and the other pays 8%. Her total interest for the year was $1,290. How much did she have in each account \r
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document.write( "can anyone help me find the answer with a full break down \n" );
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Algebra.Com's Answer #176261 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! ms. Jones invested 18,000 in two accounts. One account pays 6 % simple interest and the other pays 8%. Her total interest for the year was $1,290. How much did she have in each account \n" ); document.write( "------------------------- \n" ); document.write( "Equation: \n" ); document.write( "Quantity: x + y = 18000 \n" ); document.write( "Interest:0.06x + 0.08y = 1290 \n" ); document.write( "-------------------------------------- \n" ); document.write( "Multiply the Quantity Eq. by 6 \n" ); document.write( "Multiply the Interest Eq. by 100 \n" ); document.write( "6x + 6y = 108000 \n" ); document.write( "6x + 8y = 129000 \n" ); document.write( "---------------------------------------- \n" ); document.write( "Subtract the 1st equation from the 2nd and solve for \"y\": \n" ); document.write( "2y = 21000 \n" ); document.write( "y = 10500 (amount invested at 8%) \n" ); document.write( "--------------------- \n" ); document.write( "Since x+y= 180000, x = 7500 (amount invested at 6%) \n" ); document.write( "==================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |