document.write( "Question 918392: Jane invests $9,885 into two accounts. A savings account earns 6% interest , while a money market account earns 9.5% interest. After one year she made $696.35 interest from both accounts . How much did she invest into each account? \n" ); document.write( "
Algebra.Com's Answer #557037 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Jane invests $9,885 into two accounts. A savings account earns 6% interest , while a money market account earns 9.5% interest. After one year she made $696.35 interest from both accounts . How much did she invest into each account? \n" ); document.write( "----------------------- \n" ); document.write( "Equation: \n" ); document.write( "int + int = int \n" ); document.write( "0.06*x + 0.095*(9885-x) = 696.35 \n" ); document.write( "60x + 95*9885 - 95x = 696350 \n" ); document.write( "------------------------- \n" ); document.write( "-35x = -242725 \n" ); document.write( "x = $6935 (amt. invested at 6% \n" ); document.write( "------ \n" ); document.write( "9885-6935 = $2950 (amt. invested at 9.5% \n" ); document.write( "==================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "-------------------- \n" ); document.write( " |