document.write( "Question 406604: You invest $12,000 into two diffrent accounts. One account pays 4% annual and the other account pays 2% annual intrest. the intrest earned in one year is $400. how much is invested in each fund? \n" ); document.write( "
Algebra.Com's Answer #286856 by mananth(16946)![]() ![]() You can put this solution on YOUR website! You invest $12,000 into two diffrent accounts. One account pays 4% annual and the other account pays 2% annual intrest. the intrest earned in one year is $400. how much is invested in each fund?\r \n" ); document.write( "\n" ); document.write( "... \n" ); document.write( "4.00% per annum ------------- x \n" ); document.write( "2.00% per annum ------------ y \n" ); document.write( "total investment 12000 \n" ); document.write( "Interest----- $400.00 \n" ); document.write( "...\r \n" ); document.write( "\n" ); document.write( "x+y=12000 ------------------------1 \n" ); document.write( "4.00%x+2.00%y=$400.00 \n" ); document.write( "Multiply by 100 \n" ); document.write( "4x+2y=$40,000.00 --------2 \n" ); document.write( " \n" ); document.write( "Multiply (1) by -4 \n" ); document.write( "we get \n" ); document.write( " \n" ); document.write( "-4x-4y =-48000 \n" ); document.write( " \n" ); document.write( "Add this to (2) \n" ); document.write( " \n" ); document.write( "-2y=-$8,000.00 \n" ); document.write( " \n" ); document.write( "divide by -2 \n" ); document.write( " \n" ); document.write( "y=$4,000.00 investment at 2.00% \n" ); document.write( "Balance $8,000.00 investment at 4.00% \n" ); document.write( " \n" ); document.write( " |