document.write( "Question 772949: A $4000 investment at an annual simple interest rate of 3.9% earned as much interest after one year as another investment in an account that earned 6.5% annual simple interest. How much was invested at 6.5%?
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Algebra.Com's Answer #471208 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A $4000 investment at an annual simple interest rate of 3.9% earned as much interest after one year as another investment in an account that earned 6.5% annual simple interest. How much was invested at 6.5%? \n" ); document.write( "-------- \n" ); document.write( "4000(1+0.039*1) = x(1+0.065*1) \n" ); document.write( "-------- \n" ); document.write( "4000(1.039) = x(1.065) \n" ); document.write( "------------- \n" ); document.write( "x = $3902.35 \n" ); document.write( "=============================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "=============== \n" ); document.write( " |