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?
\n" ); document.write( "Juan invested $ into Fund A.
\n" ); document.write( "Juan invested $ into Fund B.
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Algebra.Com's Answer #692311 by Boreal(15235)\"\" \"About 
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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.
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