document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=770148>Question 770148</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A total of $7900 is deposited into two simple interest accounts. On one account the annual simple interest rate is 3%, and on the second account the annual simple interest rate is 5%. The amount of interest earned for 1 year was $295. How much was invested in each account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #469344 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=469344\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A total of $7900 is deposited into two simple interest accounts. On one account the annual simple interest rate is 3%, and on the second account the annual simple interest rate is 5%. The amount of interest earned for 1 year was $295. How much was invested in each account?<BR>\n" );
document.write( "--------<BR>\n" );
document.write( "I = Prt<BR>\n" );
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document.write( "Equation:<BR>\n" );
document.write( "int + int = 295<BR>\n" );
document.write( "x*0.03*1 + (7900-x)*0.05*1) = 295<BR>\n" );
document.write( "------<BR>\n" );
document.write( "3x + 5(7900)-5x = 29500<BR>\n" );
document.write( "-------<BR>\n" );
document.write( "-2x = 29500-5*7900<BR>\n" );
document.write( "2x = 10000<BR>\n" );
document.write( "x = $5000 (amt. invested at 3%)<BR>\n" );
document.write( "7900-x = $2900 (amt. invested at 5%)<BR>\n" );
document.write( "=====================================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "================ </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );