document.write( "Question 665643: An investment of 10,000 is split among two accounts. One account earns 3.5 %simple interest and the other account earns 7.5% simple interest (annually). The total interest earned at the end of the year is 520. Find the amount in each account. I need to show work and set this up as a system of equations. \n" ); document.write( "
Algebra.Com's Answer #413978 by ReadingBoosters(3246)![]() ![]() ![]() You can put this solution on YOUR website! Establish variables \n" ); document.write( "x = $ at 3.5% \n" ); document.write( "y = $ at 7.5% \n" ); document.write( "... \n" ); document.write( "Given \n" ); document.write( "x+y = 10,000, which is the same as x = 10000-y \n" ); document.write( ".035(x) + .075(y) = 520 \n" ); document.write( "... \n" ); document.write( "Substitute x into the second equation \n" ); document.write( ".035(10000-y) + .075y = 520 \n" ); document.write( ".. \n" ); document.write( "Distribute .035 \n" ); document.write( ".035(10000) - .035y + .075y = 520 \n" ); document.write( "350 + .04y = 520 \n" ); document.write( ".. \n" ); document.write( "Isolate y \n" ); document.write( ".04y = 520 - 350 \n" ); document.write( ".04y = 170 \n" ); document.write( ".. \n" ); document.write( "Divide both sides by .04 \n" ); document.write( "y = \n" ); document.write( "x = 10000-4250 = \n" ); document.write( "... \n" ); document.write( "Check \n" ); document.write( "..................... \n" ); document.write( "Delighted to help. \n" ); document.write( "-Reading Boosters \n" ); document.write( "Wanting for others what we want for ourselves. \n" ); document.write( "www.MyHomeworkAnswers.com \n" ); document.write( " |