document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1127979>Question 1127979</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Tamara invests 8000 in two different accounts. The first account has a simple interest rate of 3% and the second has a simple interest rate of 2%. How much did she invest in each account if the interest earned in them is the same at the end of 1 year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #744463 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=744463\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Algebraically, we can let x be the amount invested at 2%; then (8000-x) is the amount invested at 3%.  Then since the amounts of interest are the same,<br><BR>\n" );
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document.write( "That equation is easily solved using basic algebra.  I'll let you finish.<br><BR>\n" );
document.write( "Here is a different way to solve the problem informally, using ratios and logical reasoning.<br><BR>\n" );
document.write( "Since the ratio of the interest rates is 2:3 and the amounts of interest are the same, the money must be invested in the ratio 3:2.  The ratio 3:2 means 3/5 of the money is invested at the lower rate and 2/5 of it at the higher rate.<br><BR>\n" );
document.write( "ANSWER: 3/5 of $8000 = $4800 at 2%; 2/5 o $8000 = $3200 at 3%. </SPAN>\n" );
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