document.write( "Question 704858: You invested $7000 in two accounts paying 6% and 8% annual interest. If the total interest earned for the year was $520, how much was invested at each rate?\r
\n" ); document.write( "\n" ); document.write( "I know the answers are $2000 and $5000 respectively, but I don't know how they got those answers. I don't know where to start for the equation. \n" ); document.write( "

Algebra.Com's Answer #434296 by solver91311(24713) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "Let

represent the amount invested in the 8% account. Then the amount invested in the 6% account has to be

. The amount of interest earned on the 8% account is then

and the amount earned on the 6% account is

. Finally, the sum of these two amounts has to be $520, so:\r
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\n" ); document.write( "\n" ); document.write( "Solve for

then calculate

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\n" ); document.write( "\n" ); document.write( "John
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\n" ); document.write( "Egw to Beta kai to Sigma
\n" ); document.write( "My calculator said it, I believe it, that settles it
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$\"The$

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