document.write( "Question 359649: Annika invested in a plan that has an APR of 4%. She invested in a 9% APR account $2300 more than she invested in the 4% account. If the total interest from the investments after 1 year is $2677, then what is the total amount that she invested? \n" ); document.write( "
Algebra.Com's Answer #256652 by stanbon(75887) ![]() You can put this solution on YOUR website! Annika invested in a plan that has an APR of 4%. She invested in a 9% APR account $2300 more than she invested in the 4% account. If the total interest from the investments after 1 year is $2677, then what is the total amount that she invested? \n" ); document.write( "---- \n" ); document.write( "Equations: \n" ); document.write( "Interest Eq: \n" ); document.write( "interest + interest = interest \n" ); document.write( "0.04x + 0.09(x+2300) = 2677 \n" ); document.write( "Multiply thru by 100 \n" ); document.write( "---- \n" ); document.write( "4x + 9x + 9*2300 = 267700 \n" ); document.write( "13x = 247000 \n" ); document.write( "x = $19000 (amt. invested at 4%) \n" ); document.write( "x+2300 = $21300 (amt. invested at 9%) \n" ); document.write( "----------------------------------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |