document.write( "Question 240845: A total of 14000 dollars is invested in two simple interest baring accounts. One acccount has an interest rate of 8% and the other a rte of 5.5%. The amount of interest earned for 1 year was 982.50. How much was invested in each account? \n" ); document.write( "
Algebra.Com's Answer #176472 by checkley77(12844) ![]() You can put this solution on YOUR website! .08x+.055(14,000-x)=982.50 \n" ); document.write( ".08x+770-.055x=982.50 \n" ); document.write( ".025x=982.50-770 \n" ); document.write( ".025x=212.5 \n" ); document.write( "x=212.50/.025 \n" ); document.write( "x=8,500 amount invested @ 8%. \n" ); document.write( "14,000-8,500=5,500 amount invested @ 5.5% \n" ); document.write( "Proof: \n" ); document.write( ".08*8,500+.055*5,500=982.50 \n" ); document.write( "680+302.50=982.50 \n" ); document.write( "982.50=982.50 \n" ); document.write( " |