document.write( "Question 301399: 3. Mr. Anderson wants to invest $15,000 into two accounts. The interest rate on both accounts is 8% and 11% respectively. How much does he invest in both if he wants $1500 in total interest. \n" ); document.write( "
| Algebra.Com's Answer #216138 by checkley77(12844)      You can put this solution on YOUR website! .11X+.08(15,000-X)=1,500 \n" ); document.write( ".11X+1,200-.08X=1,500 \n" ); document.write( ".03X=1,500-1,200 \n" ); document.write( ".03X=300 \n" ); document.write( "X=300/.03 \n" ); document.write( "X=10,000 AMOUNT INVESTED @ 11%. \n" ); document.write( "15,000=10,000=5,000 AMOUNT INVESTED @ 8%. \n" ); document.write( ".11*10,000+.08*5,000=1,500 \n" ); document.write( "1,100+400=1,500 \n" ); document.write( "1,500=1,500 \n" ); document.write( " |