document.write( "Question 906520: A total of $25,000 is invested in two funds paying 6% and 6.5% simple interest. The annual interest is $1555. How much is invested in each fund? \n" ); document.write( "

Algebra.Com's Answer #549918 by richwmiller(17219) $\"\"$ $\"About$

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Total amount of money invested: $25000
\n" ); document.write( "x+y=25000,
\n" ); document.write( "Total yearly interest for the two accounts is: $1555
\n" ); document.write( "0.06*x+0.065*y=1555
\n" ); document.write( "x=25000-y
\n" ); document.write( "Substitute for x
\n" ); document.write( "0.06*(25000-y)+0.065*y=1555
\n" ); document.write( "Multiply out
\n" ); document.write( "1500-0.06y+0.065*y=1555
\n" ); document.write( "Combine like terms.
\n" ); document.write( "0.005*y=55
\n" ); document.write( "Isolate y
\n" ); document.write( "y=$11000.00 at 6.5%
\n" ); document.write( "x=25000-y
\n" ); document.write( "Calculate x
\n" ); document.write( "x=$14000.00 at 6%
\n" ); document.write( "Check
\n" ); document.write( "0.06*14000+0.065*11000=1555
\n" ); document.write( "840+715.0=1555
\n" ); document.write( "1555.0=1555
\n" ); document.write( "If this statement is TRUE and neither amount is negative then all is well
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