document.write( "Question 1046551: Larry Mitchell invested part of his $27,000 advance at 7% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $1110 find the amount invested at each rate
\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #661990 by solver91311(24713)\"\" \"About 
You can put this solution on YOUR website!
\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "A person has currency units invested in 2 accounts.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "One account earns percent interest, and the other account earns percent interest.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "The two accounts earn a total of interest in one year.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "How much is invested in each account?\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Let be the amount invested at percent. Then the amount invested at percent is , and:\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Solve for , then calculate \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "John
\n" ); document.write( "
\n" ); document.write( "My calculator said it, I believe it, that settles it\r
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );