document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=267392>Question 267392</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I have a total of $6000 invested in two simple interest accounts.  The annual simple interest rate on one account is 9%.  The annual simple interest rate on the second account is 6%.  How much is invested in each account if both accounts earn the same amount of interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #196253 by </B><A HREF=/tutors/aboutme.mpl?userid=drk><B>drk(1908)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=drk><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=196253\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> This is an I = PRT problem. we have the formula <BR>\n" );
document.write( "I = PRT and another I = PRT.<BR>\n" );
document.write( "From above, we get<BR>\n" );
document.write( "I = x(.09)(1) <BR>\n" );
document.write( "and<BR>\n" );
document.write( "I = (6000-x)(.06)(1)<BR>\n" );
document.write( "since interest is equal set them equal to get<BR>\n" );
document.write( ".09x = 360 - .06x<BR>\n" );
document.write( "adding .06x we get<BR>\n" );
document.write( ".15x = 360<BR>\n" );
document.write( "dividing, we get<BR>\n" );
document.write( "x = 2400 at 9%<BR>\n" );
document.write( "6000-x = 3600 at 6%. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );