document.write( "Question 988742: Andrew invests $8000 in two types of accounts: a savings account that pays 5.25% interest per year and a more risky account that pays 9% interest per year. At the end of the year he has $450 in interest from the two accounts. Find the amount of money invested in each account \n" ); document.write( "
Algebra.Com's Answer #609417 by macston(5194)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "F=amount at 5.25%; N=amount at 9% \n" ); document.write( ". \n" ); document.write( "F+N=$8000 \n" ); document.write( "N=$8000-F \n" ); document.write( ". \n" ); document.write( "0.0525F+0.09N=$450 \n" ); document.write( "0.0525F+0.09($8000-F)=$450 \n" ); document.write( "0.0525F+$720-0.09F=$450 \n" ); document.write( "-0.0375F=-$270 \n" ); document.write( "F=$7200 ANSWER 1: $7200 was invested at 5.25%. \n" ); document.write( "N=$8000-$7200=$800 ANSWER 2: $800 was invested at 9%. \n" ); document.write( ". \n" ); document.write( "CHECK: \n" ); document.write( "0.0525F+0.09N=$450 \n" ); document.write( "0.0525($7200)+0.09($800)=$450 \n" ); document.write( "$378+$72=$450 \n" ); document.write( "$450=$450\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |