document.write( "Question 550601: Jose invested $10,000 in two accounts. One account paid 2% more than the other account. He invested the same amount in both accounts. If he received $800 dollars in interest, what percent interest did the lower paying account pay? \n" ); document.write( "
Algebra.Com's Answer #359068 by ankor@dixie-net.com(22740)\"\" \"About 
You can put this solution on YOUR website!
Jose invested $10,000 in two accounts.
\n" ); document.write( " One account paid 2% more than the other account
\n" ); document.write( " He invested the same amount in both accounts.
\n" ); document.write( " If he received $800 dollars in interest, what percent interest did the lower paying account pay?
\n" ); document.write( ":
\n" ); document.write( "From the give information, we know $5000 was invested in each account
\n" ); document.write( ":
\n" ); document.write( "Total interest
\n" ); document.write( "We will use the decimal equiv here
\n" ); document.write( "let x = the % interest in the lower paying account
\n" ); document.write( "then
\n" ); document.write( "(x+.02) = the % of the higher paying account
\n" ); document.write( ":
\n" ); document.write( "5000x + 5000(x+.02) = 800
\n" ); document.write( "5000x + 5000x + 100 = 800
\n" ); document.write( "10000x = 800 - 100
\n" ); document.write( "10000x = 700
\n" ); document.write( "x = \"700%2F10000\"
\n" ); document.write( "x = .07 which is 7% is the lower paying rate
\n" ); document.write( ":
\n" ); document.write( ":
\n" ); document.write( "See if that check out
\n" ); document.write( ".07(5000) + .09(5000) = 800
\n" ); document.write( " \n" ); document.write( "
\n" );