document.write( "Question 311819: William opened two investment accounts for his grandson's college fund. The first year, these investments, which totaled $18,000 yielded $831 in simple interest. Part of the money was invested at 5.5% and the rest at 4%. How much ws invested at each rate?\r
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Algebra.Com's Answer #223042 by checkley77(12844) ![]() You can put this solution on YOUR website! .055X+.04(18,000-X)=831 \n" ); document.write( ".055+720-.04X=831 \n" ); document.write( ".015X=831-720 \n" ); document.write( ".015X=111 \n" ); document.write( "X=111/.015 \n" ); document.write( "X=7,400 AMOUNT INVESTED @ 5.5%. \n" ); document.write( "18,000-7,400=10,600 AMOUNT INVESTED @ 4% \n" ); document.write( "PROOF: \n" ); document.write( ".055*7,400+.04*10,600=831 \n" ); document.write( "407+424=831 \n" ); document.write( "831=831 \n" ); document.write( " |