document.write( "Question 786385: Jen invested $7,500 in two bank accounts, one paying 4% simple interest, and the other paying 6%. If her annual interest from the two accounts is $420, how much did she invest at 6%? \n" ); document.write( "
Algebra.Com's Answer #477875 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Part I 4.00% per annum ------------- Amount invested =x \n" ); document.write( "Part II 6.00% per annum ------------ Amount invested = y \n" ); document.write( " 7500 \n" ); document.write( "Interest----- 420.00 \n" ); document.write( " \n" ); document.write( "Part I 4.00% per annum ---x \n" ); document.write( "Part II 6.00% per annum ---y \n" ); document.write( "Total investment \n" ); document.write( "x + 1 y= 7500 -------------1 \n" ); document.write( "Interest on both investments \n" ); document.write( "4.00% x + 6.00% y= 420 \n" ); document.write( "Multiply by 100 \n" ); document.write( "4 x + 6 y= 42000.00 --------2 \n" ); document.write( "Multiply (1) by -4 \n" ); document.write( "we get \n" ); document.write( "-4 x -4 y= -30000.00 \n" ); document.write( "Add this to (2) \n" ); document.write( "0 x 2 y= 12000 \n" ); document.write( "divide by 2 \n" ); document.write( " y = 6000 - x) \n" ); document.write( "Part I 4.00% $ 1500 \n" ); document.write( "Part II 6.00% $ 6000 \n" ); document.write( " \n" ); document.write( "CHECK \n" ); document.write( "1500 --------- 4.00% ------- 60.00 \n" ); document.write( "6000 ------------- 6.00% ------- 360.00 \n" ); document.write( "Total -------------------- 420.00 \n" ); document.write( " \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " \n" ); document.write( " |