document.write( "Question 682829: I need help in this problem, thank you so much. \r
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document.write( "How can $42,000 be invested, part at 4% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal at the end of the year? \n" );
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Algebra.Com's Answer #423560 by ReadingBoosters(3246)![]() ![]() ![]() You can put this solution on YOUR website! total = x+y = 42000 ($ in x or 4% and $ in y or 10%) \n" ); document.write( ".04x = .10y (interest from x, which is .04 times $ invested should be the same or = interest from \r \n" ); document.write( "\n" ); document.write( "y, which is .10 times $ invested) \n" ); document.write( ".04(42000-y) = .10y ⇒ substituting x = 42000-y \n" ); document.write( "1680 - .04y = .10y \n" ); document.write( "1680 = .10y + .04y \n" ); document.write( "1680 = .14y \n" ); document.write( "y = 12000 at 10% (CHECK: .10(12000) = 1200) \n" ); document.write( "x = 42000 - 12000 = 30000 at 4% (CHECK: .04(30000) = 1200) \n" ); document.write( " \n" ); document.write( " |