document.write( "Question 916911: An account executive deposited $40,000 into 2 simple interest accounts. One earns 5% and the other earns 15%. How much is in each if interests are equal? \n" ); document.write( "
Algebra.Com's Answer #556398 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! An account executive deposited $40,000 into 2 simple interest accounts. One earns 5% and the other earns 15%. How much is in each if interests are equal? \n" ); document.write( "---------------------------- \n" ); document.write( "Equation: \n" ); document.write( "interest = interest \n" ); document.write( "--- \n" ); document.write( "0.05x = 0.15(40000-x) \n" ); document.write( "----- \n" ); document.write( "5x = 15*40000 - 15x \n" ); document.write( "20x = 15*40000 \n" ); document.write( "x = 15*2000 \n" ); document.write( "x = $30,000 (amt. invested at 5%) \n" ); document.write( "---- \n" ); document.write( "40000-x = $10,000 (amt invested at 15%) \n" ); document.write( "-------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "============== \n" ); document.write( " |