document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=991359>Question 991359</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Monico invests a total of $24,000 in two accounts paying 11% and 3% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $1,520.00. </SPAN>\n" );
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document.write( "T=amount at 3%; E=amount at 11%<BR>\n" );
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document.write( "T+E=$24000<BR>\n" );
document.write( "T=$24000-E<BR>\n" );
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document.write( "0.03T+0.11E=$1520<BR>\n" );
document.write( "0.03($24000-E)+0.11E=$1520<BR>\n" );
document.write( "$720-0.03E+0.11E=$1520<BR>\n" );
document.write( "0.08E=$800<BR>\n" );
document.write( "E=$10000<BR>\n" );
document.write( "ANSWER 1: $10000 was invested at 11%.<BR>\n" );
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document.write( "T=$24000-E=$24000-$10000=$14000<BR>\n" );
document.write( "ANSWER 2: $14000 was invested at 3%.<BR>\n" );
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document.write( "CHECK:<BR>\n" );
document.write( "0.03T+0.11E=$1520<BR>\n" );
document.write( "0.03($14000)+0.11($10000)=$1520<BR>\n" );
document.write( "$420+$1100=$1520<BR>\n" );
document.write( "$1520=$1520\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );