document.write( "Question 310466: 1)Ivana invested her savings of $4800. SHe invested part in a mutual fund, which paid her 9% interest per year, and the rest went into a GIC, which paid her 10% per year. After one year, the interest she earned from the mutual fund was $43 less than the interest she earned from the GIC. How much did Hailey invest into each? \n" ); document.write( "
Algebra.Com's Answer #222013 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Let her invest $ x in Mutual funds \n" ); document.write( "& $y in GIC\r \n" ); document.write( "\n" ); document.write( "x+y= 4800 \n" ); document.write( ". \n" ); document.write( "Interest on mutual fund = 9% \n" ); document.write( "Interest accrued = 0.09x \n" ); document.write( ". \n" ); document.write( "Interest on GIC is 10% \n" ); document.write( "Interest accrued = 0.1y \n" ); document.write( ". \n" ); document.write( "0.09x=0.1y -43\r \n" ); document.write( "\n" ); document.write( "0.09x -0.1y =-43 ( multiply by 100) \n" ); document.write( ". \n" ); document.write( "9x -10y=-4300 \n" ); document.write( "10x+10y+9x-10y = 48000-4300 \n" ); document.write( "19x=43700 \n" ); document.write( "x= $2300 the amount she invested in Mutual fund. \n" ); document.write( "y=$2500 in GIC\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |