document.write( "Question 1077806: Juan had $21400 and chose to split the money into two different mutual funds. During the first year, Fund A earned 7% interest and Fund B earned 4% interest. If he received a total of $1216 in interest, how much had he invested into each account?
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document.write( "Juan invested $ into Fund A.
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document.write( "Juan invested $ into Fund B. \n" );
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Algebra.Com's Answer #692311 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x=7% \n" ); document.write( "21400-x=4% \n" ); document.write( ".07x+.04(21400-x)=1216 \n" ); document.write( ".07x+856-.04x=1216 \n" ); document.write( ".03x=360 \n" ); document.write( "x=$12,000@7%=$840. \n" ); document.write( "21400-x=$9400@4%=$376 \n" ); document.write( "They add to $1216. \n" ); document.write( " \n" ); document.write( " |