document.write( "Question 796680: an investor will invest a total of $12000 on two accounts, one paying 5% annual simple interest and the other 3%. if she wants to earn $500 annual interest how much should she invest at each account?
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Algebra.Com's Answer #481471 by lwsshak3(11628)![]() ![]() ![]() You can put this solution on YOUR website! an investor will invest a total of $12000 on two accounts, one paying 5% annual simple interest and the other 3%. if she wants to earn $500 annual interest how much should she invest at each account? \n" ); document.write( "*** \n" ); document.write( "x=amount invested at 5% \n" ); document.write( "12000-x=amount invested at 3% \n" ); document.write( "5%x+3%(12000-x)=500 \n" ); document.write( ".05x+360-.03x=500 \n" ); document.write( ".02x=140 \n" ); document.write( "x=7000 \n" ); document.write( "12000-x=5000 \n" ); document.write( ".. \n" ); document.write( "amount invested at 5%=$7000 \n" ); document.write( "amount invested at 3%=$5000 \n" ); document.write( " |