document.write( "Question 102484This question is from textbook Introductory Algebra for College Students
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document.write( ": I need help setting up the following problem:
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document.write( "You invest $6000 in two accounts payinhg 6% and 9% annual interest, respectively. At the end of the year, the accounts earn the same interest. How much was invested at each rate? \n" );
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Algebra.Com's Answer #74502 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! I need help setting up the following problem: \n" ); document.write( "You invest $6000 in two accounts payinhg 6% and 9% annual interest, respectively. At the end of the year, the accounts earn the same interest. How much was invested at each rate?\r \n" ); document.write( "\n" ); document.write( "Let's say you invest X at 6% and Y at 9%. \n" ); document.write( "You know that \n" ); document.write( "1. \n" ); document.write( "You also know that the interest for each is the same \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Set them equal to each other. \n" ); document.write( " \n" ); document.write( "2. \n" ); document.write( "Now you have two equations with two unknowns (X and Y). \n" ); document.write( "Use Equation (2) and solve for X. \n" ); document.write( " \n" ); document.write( "Substitute into Equation (1) \n" ); document.write( "1. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Use equation (1) \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "$3600 invested at 6%. \n" ); document.write( "$2400 invested at 9%. \n" ); document.write( "$216 made by each account. \n" ); document.write( " |