document.write( "Question 1046845: Last year, Dan had
\n" );
document.write( "$30,000
\n" );
document.write( " to invest. He invested some of it in an account that paid
\n" );
document.write( "5%
\n" );
document.write( " simple interest per year, and he invested the rest in an account that paid
\n" );
document.write( "10%
\n" );
document.write( " simple interest per year. After one year, he received a total of
\n" );
document.write( "$1950
\n" );
document.write( " in interest. How much did he invest in each account? \n" );
document.write( "
Algebra.Com's Answer #662289 by ewatrrr(24785)![]() ![]() You can put this solution on YOUR website! Some at 5%, rest at 10% \n" ); document.write( "Use .05 and .10 for the Arithmetic \n" ); document.write( "Let x be the amount at 10% \n" ); document.write( ".10x + .05(30000 - x) = 1950 \n" ); document.write( ".05x = 1950 - 1500 \n" ); document.write( "x = 450/.05 \n" ); document.write( "x = $9000, the amount at 10%. \n" ); document.write( "CHECK... \n" ); document.write( "$900 + $1050 = $1950 \n" ); document.write( " |