document.write( "Question 1003670: Mr. Jarvis invests a total of $12,644 in two savings accounts. One account yields 8.5% simple interest and the other 10% simple interest. He would like to find the amount placed in each account if a total of $1139.38 in interest is received after one year.\r
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document.write( "What system of linear equations represent this equation?
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Algebra.Com's Answer #620327 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Mr. Jarvis invests a total of $12,644 in two savings accounts. One account yields 8.5% simple interest and the other 10% simple interest. He would like to find the amount placed in each account if a total of $1139.38 in interest is received after one year. \n" ); document.write( "What system of linear equations represent this equation? \n" ); document.write( "----- \n" ); document.write( "Quantity:: a + b = 12644 dollars \n" ); document.write( "Interest::0.085a + 0.10b = 1139.38 \n" ); document.write( "-------------------------------------- \n" ); document.write( "Modify for elimination:: \n" ); document.write( "100a + 100b = 1264400 \n" ); document.write( "85a + 100b = 1139380 \n" ); document.write( "------ \n" ); document.write( "Subtract and solve for \"a\": \n" ); document.write( "15a = 124420 \n" ); document.write( "------ \n" ); document.write( "a = $8294.67 (amt. invested at 8.5% \n" ); document.write( "b = $4349.33 (amt. invested at 10% \n" ); document.write( "--------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "------------- \n" ); document.write( " |