document.write( "Question 1059005: Minda invested her 5,000 earnings from working abroad in two banks, part at 8% annual interest and the rest at 9%. If the total annual interset for both dollar deposits is $435, how much was invested at each rate? \n" ); document.write( "

Algebra.Com's Answer #674082 by stanbon(75887) $\"\"$ $\"About$

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Minda invested her 5,000 earnings from working abroad in two banks, part at 8% annual interest and the rest at 9%. If the total annual interset for both dollar deposits is $435, how much was invested at each rate?
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\n" ); document.write( "Equations:
\n" ); document.write( "e + n = 5000 dollars
\n" ); document.write( "8e+9n = 48500
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\n" ); document.write( "Modify::
\n" ); document.write( "8e + 3n = 8*5000
\n" ); document.write( "8e + 9n = 48500
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\n" ); document.write( "Subtract and solve for \"n\"::
\n" ); document.write( "6n = 8500
\n" ); document.write( "n = $1416.67 (amt. invested at 9%)
\n" ); document.write( "Solve for \"e\":
\n" ); document.write( "e = 5000 - n = $3583.67
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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