document.write( "Question 353700: you invest $20,000 in two accounts paying 7% and 8% annual interest. how much should be invested at each rate if the total interest earned for the year is to be $1520? Begin by filling in the missing entry in the following table.\r
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document.write( " principal x rate = interest
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document.write( "7% interest x 0.07 0.07x
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document.write( "8% interest 20,000-x 0.09 \n" );
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Algebra.Com's Answer #252830 by checkley77(12844) ![]() You can put this solution on YOUR website! .08x+.07(20,000-x)=1,520 \n" ); document.write( ".08x+1,400-.07x=1,520 \n" ); document.write( ".-1x=1,520-1,400 \n" ); document.write( ".01x=120 \n" ); document.write( "x=120/.01 \n" ); document.write( "x=12,000 amount invested @ 9% \n" ); document.write( "20,000-12,000=8,000 invested @ 8%. \n" ); document.write( "Proof: \n" ); document.write( ".08*12,000+.07*8,000=1,520 \n" ); document.write( "960+560=1,520 \n" ); document.write( "1,520=1,520 \n" ); document.write( " \n" ); document.write( " |