document.write( "Question 846036: Investment word problem\r
\n" ); document.write( "\n" ); document.write( "If jake has 20,000 to invest in two accounts.
\n" ); document.write( "With one account earns 1% simple interest.
\n" ); document.write( "And second account earns 3%. How much should be invested in each account
\n" ); document.write( "To earn exactly &450.00 at the end of the year. \n" ); document.write( "

Algebra.Com's Answer #509545 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi,  Previously Posted
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document.write( "If jake has $$20,000 to invest in two accounts.
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document.write( " With one account with amount earns 1% simple interest.
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document.write( " And second account with amountearns 3%. 
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document.write( " x + y = 20,000    0r  x = ($20,000 - y)
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document.write( "Question states***earn exactly &450.00 at the end of the year
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document.write( " .01($20,000-y) + .03y = 450
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document.write( " .01($20,000) - .01y + .03y = 450
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document.write( "  $200 - .01y + .03y = 450
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document.write( "                     .02y = 250
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document.write( "                        y =  = $75 + $375 = $450
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document.write( "Wish You the Best in your Studies. \n" );
document.write( "

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