document.write( "Question 251054: Sunil earns $375 in interest from 1 year investments. He invested some money in account earning 6% simple interest and he deposited $2,000 more than that amount in an account paying 5% simple interest. How much did Sunil invest in each account? \n" ); document.write( "
Algebra.Com's Answer #182808 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! I=Prt \n" ); document.write( "where I is the interest earned \n" ); document.write( "P is the money invested r is the interest rate and t is the time. \n" ); document.write( "What do we know? \n" ); document.write( "let p= amount invested at 6% \n" ); document.write( "let p+2000 = amt at 5% \n" ); document.write( "375=.06p*1+.05(p+2000)*1 \n" ); document.write( "Solving for p will give you the amount at 6% \n" ); document.write( "add $2000 to that to get the amount at 5% \n" ); document.write( " \n" ); document.write( " |