document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=342109>Question 342109</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How can $58,000 be invested, part at 10% annual simple interest and the remainder at 8% annual simple interest, so that the interest earned by the two accounts will be equal.\r<BR>\n" );
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document.write( "Please help. I can set up the equation if the total annual simple interest earned for 1 year was given, but this one is a little over my head. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #244868 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><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=244868\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Set up an equation with the unknown amount (x) @ 10% = (58,000-x) amount @ 8%.  <BR>\n" );
document.write( ".10x=.08(58,000-x)<BR>\n" );
document.write( ".10x=4,640-.08x<BR>\n" );
document.write( ".10x+.08x=4,640<BR>\n" );
document.write( ".18x=4,640<BR>\n" );
document.write( "x=4,640/.18<BR>\n" );
document.write( "x=25,777.78 amount invested @ 10%.<BR>\n" );
document.write( "58,000-25,777.77=32,222.23 amount invested @ 8%.<BR>\n" );
document.write( "Proof:<BR>\n" );
document.write( ".10*25,777.77=.08*32,222.23<BR>\n" );
document.write( "2,577.77=2,577.77 </SPAN>\n" );
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