document.write( "Question 1052386: $2000 more is invested in an account earning 12% simple interest than in an account earning 8% simple interest. If the total interest at the end of 1 year is $1240, how much was invested in each account? \n" ); document.write( "
Algebra.Com's Answer #667761 by ewatrrr(24785)![]() ![]() You can put this solution on YOUR website! Let x be the amount at 8% \n" ); document.write( ".12(x+ 2000) + .08x = $1240 \n" ); document.write( ".20x = $1000 \n" ); document.write( "x = $1000/.2 \n" ); document.write( "x = $5000, amount at 8%. $10,000 at 12% |