document.write( "Question 1079153: Max invested $15,000 in two different funds. One earned 6% interest in the first year and the other earned 8%, for a total of $1100 in interest. Determine how much he invested in each fund. \n" ); document.write( "
Algebra.Com's Answer #693508 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x at 6% \n" ); document.write( "15000-x at 8% \n" ); document.write( ".06x+.08(15000-x)=1100 \n" ); document.write( ".06x+1200-.08x=1100 \n" ); document.write( "-.02x=-100 \n" ); document.write( "x=5000@ 6% ($300) \n" ); document.write( "15000-x=10000@8%=($800) \n" ); document.write( "total is $1100. \n" ); document.write( " |