document.write( "Question 975444: Sebastain would like both of his investment a total of $12000 to bring him the same annual interest income. one of his investment is at 5.5% annual interest rate and the other at 7%. find the amount of money that sebastain should invest in each account. \n" ); document.write( "
Algebra.Com's Answer #597262 by lwsshak3(11628)![]() ![]() ![]() You can put this solution on YOUR website! Sebastain would like both of his investment a total of $12000 to bring him the same annual interest income. one of his investment is at 5.5% annual interest rate and the other at 7%. find the amount of money that sebastain should invest in each account. \n" ); document.write( "*** \n" ); document.write( "let x=amt invested at 5.5% interest \n" ); document.write( "12000-x=amt invested at 7.0% interest \n" ); document.write( "5.5%x=7%(12000-x) \n" ); document.write( ".055x=840-.07x \n" ); document.write( ".125x=840 \n" ); document.write( "x=6720 \n" ); document.write( "12000-x=5280 \n" ); document.write( "amt invested at 5.5% interest rate=$6720 \n" ); document.write( "amt invested at 7.0% interest rate=$5280 \n" ); document.write( " |