document.write( "Question 1020847: Chad invests a total of $24,000 in two accounts. The first account earned a rate of return of 12% (after a year). However, the second account suffered a 3% loss in the same time period. At the end of one year, the total amount of money gained was $1,830.00. How much was invested into each account? \n" ); document.write( "

Algebra.Com's Answer #636662 by stanbon(75887) $\"\"$ $\"About$

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Chad invests a total of $24,000 in two accounts. The first account earned a rate of return of 12% (after a year). However, the second account suffered a 3% loss in the same time period. At the end of one year, the total amount of money gained was $1,830.00. How much was invested into each account?
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\n" ); document.write( "Quantity:: w + t = 24000
\n" ); document.write( "Interest:: 12w - 3t = 183000
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\n" ); document.write( "Modify for elimination::
\n" ); document.write( "3w + 3t = 72000
\n" ); document.write( "12w- 3t = 183000
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\n" ); document.write( "15w = 255000
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\n" ); document.write( "w = $17000 (amt. invested at 12%)
\n" ); document.write( "t = 24000-17000 = $7000 (amt. invested at 3%)
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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