document.write( "Question 713267: Bernice Invested $120,000. She put some in an account that pays 4% interest per year and the remainder she invested in an account that pays 7% per year. If she earned $7,800 in one year, how much was invested at each rate? Write an equation. \n" ); document.write( "
Algebra.Com's Answer #438346 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Bernice Invested $120,000. She put some in an account that pays 4% interest per year and the remainder she invested in an account that pays 7% per year. If she earned $7,800 in one year, how much was invested at each rate? Write an equation. \n" ); document.write( "-------- \n" ); document.write( "Equation: \n" ); document.write( "interest + interest = interest \n" ); document.write( "0.04x + 0.07(120,000-x) = 7800 \n" ); document.write( "---- \n" ); document.write( "4x + 7*120000 - 7x = 780000 \n" ); document.write( "------------------ \n" ); document.write( "-3x = -60000 \n" ); document.write( "x = $20,000 (amt. invested at 4% \n" ); document.write( "120,000-x = $100,000 (amt. invested at 7%) \n" ); document.write( "================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "================== \n" ); document.write( " |