document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=54273>Question 54273</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I invest $18,750 in two different accounts and one account earns 12% interest and the other earns 10% interest, and at the end of the year have a total $20,867 (original amount + interest), how much did I invest in each account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #36594 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=36594\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If I invest $18,750 in two different accounts and one account earns 12% interest and the other earns 10% interest, and at the end of the year have a total $20,867 (original amount + interest), how much did I invest in each account?<BR>\n" );
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document.write( "Let amount invested at 12% be \"x\".<BR>\n" );
document.write( "Interest on this money is 0.12x.<BR>\n" );
document.write( "Amount invested at 10% is \"18750-x\"<BR>\n" );
document.write( "Interest on this money is 0.10(18750-x)=1875-0.1x<BR>\n" );
document.write( "EQUATION:<BR>\n" );
document.write( "interest + interest = 20,867-18750<BR>\n" );
document.write( "0.12x +1875-0.1x = 2117<BR>\n" );
document.write( "o.02x= 242<BR>\n" );
document.write( "x=$12,110 (Amount invested at 12%)<BR>\n" );
document.write( "18750-x= $6640 (Amount invested at 10%)<BR>\n" );
document.write( "Chers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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