document.write( "Question 501952: Jan invested $1200 at a certain simple interest rate and $2200 at a rate of 3% higher. Her annual earnings were $253. Find the two interest rates if she earned $121 more on the larger investment than on the smaller.\r
\n" ); document.write( "\n" ); document.write( "what is the process and answer of this word problem? explain \n" ); document.write( "
Algebra.Com's Answer #338730 by lwsshak3(11628)\"\" \"About 
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Jan invested $1200 at a certain simple interest rate and $2200 at a rate of 3% higher. Her annual earnings were $253. Find the two interest rates if she earned $121 more on the larger investment than on the smaller. What is the process and answer of this word problem? explain
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\n" ); document.write( "let x=interest rate for $1200 investment
\n" ); document.write( "x+.03=interest rate for $2200 investment
\n" ); document.write( "..
\n" ); document.write( "2200(x+.03)+1200x=253
\n" ); document.write( "2200x+66+1200x=253
\n" ); document.write( "3400x=187
\n" ); document.write( "x=.055 or 5.5%
\n" ); document.write( "x+.03=.085 or 8.5%
\n" ); document.write( "Check:
\n" ); document.write( "Interest earned at $2200=.085*2200=187
\n" ); document.write( "Interest earned at $1200=.055*1200=66
\n" ); document.write( "difference=187-66=$121
\n" ); document.write( "..
\n" ); document.write( "ans:
\n" ); document.write( "Annual interest rate for larger $2200 investment = 8.5%
\n" ); document.write( "Annual interest rate for smaller $1200 investment = 5.5% \n" ); document.write( "
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