document.write( "Question 1028284: Bob invested 10000, split into two accounts. The savings account paid 4% annually and the checking account paid 1% annually, and Bob received a total of 358. in interest from the two accounts. How much did Bob put into each account? \n" ); document.write( "
Algebra.Com's Answer #643466 by mananth(16946) You can put this solution on YOUR website! Part I 1.00% per annum ------------- Amount invested =x \n" ); document.write( "Part II 4.00% per annum ------------ Amount invested = y = \n" ); document.write( " 10000 \n" ); document.write( "Interest----- 358 \n" ); document.write( " \n" ); document.write( "Part I 1.00% per annum ---x \n" ); document.write( "Part II 4.00% per annum ---y \n" ); document.write( "Total investment \n" ); document.write( "x + 1 y= 10000 -------------1 \n" ); document.write( "Interest on both investments \n" ); document.write( "1.00% x + 4.00% y= 358 \n" ); document.write( "Multiply by 100 \n" ); document.write( "1 x + 4 y= 35800.00 --------2 \n" ); document.write( "Multiply (1) by -1 \n" ); document.write( "we get \n" ); document.write( "-1 x -1 y= -10000.00 \n" ); document.write( "Add this to (2) \n" ); document.write( "0 x 3 y= 25800 \n" ); document.write( "divide by 3 \n" ); document.write( " y = 8600 \n" ); document.write( "Part I 1.00% $ 1400 \n" ); document.write( "Part II 4.00% $ 8600 \n" ); document.write( " \n" ); document.write( "CHECK \n" ); document.write( "1400 --------- 1.00% ------- 14.00 \n" ); document.write( "8600 ------------- 4.00% ------- 344.00 \n" ); document.write( "Total -------------------- 358.00 \n" ); document.write( " \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |