document.write( "Question 34269: An investment consultant has deposited $5000 of a clients money into a 10% simple interes account. How much should be deposited into an 18% annual simple interest account so that the effective annual interest rate on both deposits is 14% \n" ); document.write( "
Algebra.Com's Answer #20566 by stanbon(75887)\"\" \"About 
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Let the amount invested at 18% be \"x\".
\n" ); document.write( "EQUATION:
\n" ); document.write( "interest + interext = interest
\n" ); document.write( "0.10(5000) + 0.18x =0.14(5000+x)
\n" ); document.write( "Multiply thru by 100 to get:
\n" ); document.write( "10(5000)+18x = 14(5000+x)
\n" ); document.write( "50000 + 18x = 70000+14x
\n" ); document.write( "4x=20000
\n" ); document.write( "x=$5000.00 (amount invested at 18%)
\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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