document.write( "Question 353403: Mila is saving for university. She has $9000, of which some is in a savings account earning 3.25% per year and the rest is in a GIC earning 5% a year. If she earned $324 in simple interest last year in total, how much was invested in her GIC? \n" ); document.write( "
Algebra.Com's Answer #252511 by mananth(16946)![]() ![]() You can put this solution on YOUR website! let her invest $ x in GIC at 5% \n" ); document.write( "$9000-x in savings at 3.25% \n" ); document.write( "interest earned = $324 \n" ); document.write( "... \n" ); document.write( "0.05x+0.0325(9000-x)=324 \n" ); document.write( "0.05x-0.0325x+292.5 =324 \n" ); document.write( "0.0175x=31.5 \n" ); document.write( "x= 31.5/0.0175 \n" ); document.write( "$1800 in GIC \n" ); document.write( ".... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |