document.write( "Question 720624: Suppose a person invest a total of invests a total of $12,000 in two accounts. One account earns 5% annually, and the other earns 6% annually. If the total interest earned from both accounts in a year is $690, how much is invested in each account? \n" ); document.write( "
Algebra.Com's Answer #441907 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Part I 5.00% per annum ---x * \n" ); document.write( "Part II 6.00% per annum ---y \n" ); document.write( "Total investment \n" ); document.write( "x + 1 y= 12000 -------------1 \n" ); document.write( "Interest on both investments \n" ); document.write( "5.00% x + 6.00% y= 690 \n" ); document.write( "Multiply by 100 \n" ); document.write( "5 x + 6 y= 69000.00 --------2 \n" ); document.write( "Multiply (1) by -5 \n" ); document.write( "we get \n" ); document.write( "-5 x -5 y= -60000.00 \n" ); document.write( "Add this to (2) \n" ); document.write( "0 x 1 y= 9000 \n" ); document.write( "divide by 1 \n" ); document.write( " y = 9000 - \n" ); document.write( "Part I 5.00% $ 3000 \n" ); document.write( "Part II 6.00% $ 9000 \n" ); document.write( " \n" ); document.write( "CHECK \n" ); document.write( "3000 --------- 5.00% ------- 150.00 \n" ); document.write( "9000 ------------- 6.00% ------- 540.00 \n" ); document.write( "Total -------------------- 690.00 \n" ); document.write( " \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |