document.write( "Question 435031: $2000 total deposit with 2 savings accounts. One pays interest rate of 6%the other at rate of 8% if a total earned interest is $144 how much is each deposit \n" ); document.write( "
Algebra.Com's Answer #301219 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Part I 6.00% per annum \n" ); document.write( "Part II 8.00% per annum \n" ); document.write( " \n" ); document.write( "x+y=2000 ------------------------1 \n" ); document.write( "6.00%x+ 8.00%y= $144.00 \n" ); document.write( "Multiply by 100 \n" ); document.write( "6x + 8 y = $14,400.00 --------2 \n" ); document.write( " \n" ); document.write( "Multiply (1) by -5 \n" ); document.write( "we get \n" ); document.write( " \n" ); document.write( "-5x-5y= -10000.00 \n" ); document.write( " \n" ); document.write( "Add this to (2) \n" ); document.write( " \n" ); document.write( "3y= $4,400.00 \n" ); document.write( " \n" ); document.write( "divide by 3 \n" ); document.write( " \n" ); document.write( "y=$1,466.67 investment at 8.00% \n" ); document.write( "Balance $533.33 investment at 6.00% \n" ); document.write( " \n" ); document.write( " |