document.write( "Question 530519: If i had 16000 invested into two accounts one yielding 4% and the other 10% and received a total of 1,060 at the end of the year. How much did i invest into each account. \n" ); document.write( "
Algebra.Com's Answer #350123 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Investment I 4.00% per annum ---x \n" ); document.write( "Investment II 10.00% per annum ---y \n" ); document.write( " \n" ); document.write( "x + y= 16000 ------------------------1 \n" ); document.write( "4.00% x + 10.00% y= = $1,060.00 \n" ); document.write( "Multiply by 100 \n" ); document.write( "4 x + 10 y= = $106,000.00 \n" ); document.write( " \n" ); document.write( "Multiply (1) by -4 \n" ); document.write( "we get \n" ); document.write( " \n" ); document.write( "-4 x -4 y= = -64000.00 \n" ); document.write( " \n" ); document.write( "Add this to (2) \n" ); document.write( " \n" ); document.write( "0 x 6 y= = $42,000.00 \n" ); document.write( " \n" ); document.write( "divide by 6 \n" ); document.write( " \n" ); document.write( " y = $7,000.00 \n" ); document.write( "Balance $9,000.00 \n" ); document.write( "CHECK \n" ); document.write( "$9,000.00 --------- 4.00% ------- $360.00 \n" ); document.write( "$7,000.00 ------- 10.00% ------- $700.00 \n" ); document.write( "Total -------------- $1,060.00\r \n" ); document.write( "\n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " \n" ); document.write( " |