document.write( "Question 1016806: Last year Rachel invested money in two accounts. The first account had an interest rate of 6% and the second account had an interest rate of 4%. If she invested $300 more in the first account than the second and her total interest income was $608, how much did she invest at each rate?
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document.write( "Step 1 of 3 : Complete the following table by entering the missing values. Enter the rates in decimal for \n" );
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Algebra.Com's Answer #633184 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Last year Rachel invested money in two accounts. The first account had an interest rate of 6% and the second account had an interest rate of 4%. If she invested $300 more in the first account than the second and her total interest income was $608, how much did she invest at each rate? \n" ); document.write( "---- \n" ); document.write( "Equations: \n" ); document.write( "s = f + 300 dollars \n" ); document.write( "0.06s + 0.04f = 608 dollars \n" ); document.write( "------------------------------------- \n" ); document.write( "Modify for elimination:: \n" ); document.write( "6s - 6f = 6*300 \n" ); document.write( "6s + 4f = 100*608 \n" ); document.write( "----------------------- \n" ); document.write( "Subtract and solve for \"f\":: \n" ); document.write( "10f = 59000 \n" ); document.write( "----- \n" ); document.write( "f = $5900.00 (amt invested at 4%) \n" ); document.write( "s = f+300 = $59,300 (amt invested at 6%) \n" ); document.write( "-------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "-------------- \n" ); document.write( " |