document.write( "Question 847992: an investment club invested a part of $9000 in an 8.5% tax free annual simple interest account and the remainder in an 11% annual simple interest account. The amount of interest earned for one year was $840. How much was invested in the tax free account \n" ); document.write( "

Algebra.Com's Answer #510803 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "How much  was invested in the tax free account
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document.write( "Question states***
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document.write( " .085x + .11(9000-x) = 840  
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document.write( "      990 - 840 = .025x
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document.write( "          150/.025 = x = $6000 invested in the tax free account
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document.write( "CHECKING our answer***
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document.write( " .085*6000 + .11*3000 = $510 + $330 = $840
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document.write( "Wish You the Best in your Studies.
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