document.write( "Question 964674: You wish to invest $600 over one year in two accounts paying 5% and 6% annually. How much should you invest in each to earn $34? \n" ); document.write( "
Algebra.Com's Answer #589506 by addingup(3677)![]() ![]() You can put this solution on YOUR website! We are dividing the 600 into two accounts, one pays 5 and the other 6%. So we have: \n" ); document.write( ".06x+.05(600-x)= 34 \n" ); document.write( ".06x+30-.05x= 34 On the left subtract x, and subtract 30 on both sides: \n" ); document.write( ".01x= 4 Divide both sides by .01: \n" ); document.write( "x= 400 So you invest 400 at 6% and \n" ); document.write( "600-400= 200 at 5% \n" ); document.write( "Proof: \n" ); document.write( "400*.06= 24 \n" ); document.write( "200*.05= 10 \n" ); document.write( "Total.....34 \n" ); document.write( " |