document.write( "Question 389440: Ms. Brown invested $29,000 in two accounts. One yielding 6% interetst and the other yielding 10%. If she recieved a total of $2,500 in interest at the end of the year, how much did she invest in each account? \n" ); document.write( "
Algebra.Com's Answer #275973 by gwendolyn(128)![]() ![]() You can put this solution on YOUR website! Let A be the amount invested in the 6% account. \n" ); document.write( "Let B be the amount invested in the 10% account. \n" ); document.write( "Mr Brown invested a total of $29,000 so,\r \n" ); document.write( "\n" ); document.write( "A + B = 29,000 \n" ); document.write( "We subtract B from both sides to solve to A (picked at random): \n" ); document.write( "A + B - B = 29,000 - B \n" ); document.write( "A = 29,000 - B\r \n" ); document.write( "\n" ); document.write( "We also know that the interest totaled $2,500. So, let's form an equation from the interest contributed to that total by each account: \n" ); document.write( ".06 * A + .10 * B = 2,500 \n" ); document.write( "I like working with whole numbers, so I will multiply this equation by 100: \n" ); document.write( "100(.06*A + .10*B) = 100(2,500) \n" ); document.write( "Distribute the 100: \n" ); document.write( "100*.06*A + 100*.10*B = 100*2,500 \n" ); document.write( "6*A + 10*B = 250,000\r \n" ); document.write( "\n" ); document.write( "Substitute our value for A from the first equation:\r \n" ); document.write( "\n" ); document.write( "6*(29,000 - B) + 10*B = 250,000 \n" ); document.write( "Distribute the 6 on the right: \n" ); document.write( "6*29,000 - 6*B + 10*B = 250,000 \n" ); document.write( "174,000 + 4*B = 250,000 \n" ); document.write( "Subtract 174,000 from both sides to isolate the terms with the variable: \n" ); document.write( "174,000 + 4*B - 174,000 = 250,000 - 174,000 \n" ); document.write( "4*B = 76,000 \n" ); document.write( "Divide both sides by 4 to solve for B: \n" ); document.write( " \n" ); document.write( "B = 19,000\r \n" ); document.write( "\n" ); document.write( "Find A by substituting B back into the first equation: \n" ); document.write( "A = 29,000 - B \n" ); document.write( "A = 29,000 - 19,000 \n" ); document.write( "A = 10,000\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |