document.write( "Question 630727: You inherit $13000 and you decide to invest the money in two different ways : one paying 10% and the other paying 14%. A year later your investments are worth %14580. How much did you originally invest in each account ? \n" ); document.write( "
Algebra.Com's Answer #397115 by nerdybill(7384)![]() ![]() You can put this solution on YOUR website! You inherit $13000 and you decide to invest the money in two different ways : one paying 10% and the other paying 14%. A year later your investments are worth %14580. How much did you originally invest in each account ? \n" ); document.write( ". \n" ); document.write( "Let x = amount ($) invested at 14% \n" ); document.write( "then \n" ); document.write( "13000-x = amount($) invested at 10% \n" ); document.write( ". \n" ); document.write( ".14x + .10(13000-x) = 14580-13000 \n" ); document.write( ".14x + 1300-.10x = 1580 \n" ); document.write( ".04x + 1300 = 1580 \n" ); document.write( ".04x = 280 \n" ); document.write( "x = $7000 (amount invested at 14%) \n" ); document.write( ". \n" ); document.write( "amount invested at 10%: \n" ); document.write( "13000-x = 13000-7000 = $6000 \n" ); document.write( " |