document.write( "Question 356692: a total of 15000 is invested in two funds paying 4%and 5% simple interest. the annual interest is $700. how much is invested in each fund? \n" ); document.write( "
Algebra.Com's Answer #254628 by mananth(16946)![]() ![]() You can put this solution on YOUR website! total investment = $15000 \n" ); document.write( "4% --------------- $x \n" ); document.write( "5%-----------------$15000-x \n" ); document.write( ".. \n" ); document.write( "interest = $700 \n" ); document.write( "... \n" ); document.write( "0.04x+0.05(15000-x)=700 \n" ); document.write( "0.04x+750-0.05x=700 \n" ); document.write( "-0.01x=-50 \n" ); document.write( "x= -50/-0.01 \n" ); document.write( "x= 5000 at 4% \n" ); document.write( "balance 10000 at 5% \n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |