document.write( "Question 992165: A total of $25,000 is invested in two funds paying 7% and 7.5% simple interest. The annual interest is $1830. How much is invested in each fund? \n" ); document.write( "
Algebra.Com's Answer #611855 by macston(5194)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "x=amount at 7%; y=amount at 7.5% \n" ); document.write( ". \n" ); document.write( "x+y=$25000 \n" ); document.write( "x=$25000-y \n" ); document.write( ". \n" ); document.write( "0.07x+0.075y=$1830 \n" ); document.write( "0.07($25000-y)=0.075y=$1830 \n" ); document.write( "$1750-0.07y+0.075y=$1830 \n" ); document.write( "0.005y=$80 \n" ); document.write( "y=$16000 \n" ); document.write( "ANSWER 1: $16000 was in the 7.5% account. \n" ); document.write( ". \n" ); document.write( "x=$25000-y=$25000-$16000=$9000 \n" ); document.write( "ANSWER 2: $9000 was in the 7% account. \n" ); document.write( ". \n" ); document.write( "CHECK: \n" ); document.write( "0.07x+0.075y=$1830 \n" ); document.write( "0.07($9000)+0.075($16000)=$1830 \n" ); document.write( "$630+$1200=$1830 \n" ); document.write( "$1830=$1830 \n" ); document.write( " \n" ); document.write( " |