document.write( "Question 456116: You wish to invest $130,000 in two accounts. You want a cautious investment strategy, so you intend to invest in an account with a rate of 3.3% and another with a rate of 9.3%. With this strategy, at the end of one year, you want to earn $6,006.00. How much should you invest in each account?\r
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document.write( "You should invest
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document.write( "$ ? in the 3.3% account
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document.write( "and
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document.write( "$ ? in the 9.3% account. \n" );
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Algebra.Com's Answer #317112 by jorel1380(3719)![]() ![]() You can put this solution on YOUR website! m+n=130000 \n" ); document.write( ".033m+.093n=6006 \n" ); document.write( "33m+93n=6006000 \n" ); document.write( "33m+33n=4290000 \n" ); document.write( "60n=1716000 \n" ); document.write( "n=28600 \n" ); document.write( "m=101400 \n" ); document.write( "You need to invest $101,400 at 3.3% and $28,600 at 9.3%.. \n" ); document.write( " \n" ); document.write( " |