document.write( "Question 384060: A man invests $5000 in two different accounts. The first account has a 5% annual interest rate
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document.write( "and the second account has a 3% annual interest rate. If he receives $212.50 in interest at the
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document.write( "end of the year, how much money did he put into each account? \n" );
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Algebra.Com's Answer #271850 by mananth(16946)![]() ![]() You can put this solution on YOUR website! A man invests $5000 in two different accounts. The first account has a 5% annual interest rate \n" ); document.write( "and the second account has a 3% annual interest rate. If he receives $212.50 in interest at the \n" ); document.write( "end of the year, how much money did he put into each account? \n" ); document.write( ".. \n" ); document.write( "5% -------------- $x \n" ); document.write( "3%--------------- $y \n" ); document.write( ".. \n" ); document.write( "x+y = 5000...................1 \n" ); document.write( ".. \n" ); document.write( "5x+3y=21250.................2 \n" ); document.write( ".. \n" ); document.write( "multiply (1) by -5 \n" ); document.write( "-5x-5y=-25000 \n" ); document.write( "add it to (2) \n" ); document.write( "5x-5x+3y-5y=-25000+21250 \n" ); document.write( "-2y= -3750 \n" ); document.write( "/-2 \n" ); document.write( "y= $1,875 @ 3% \n" ); document.write( "balance $3125 @ 5% \n" ); document.write( ".. \n" ); document.write( "CHECK \n" ); document.write( "(1875*3+3125*5)/100 = 212.50 \n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |