document.write( "Question 1128897: An investment club invested $7,500 into two simple interest accounts for one year. part of the money was invested at 5% and the remainder was placed in a 6% account. The total interest earned was $380. How much was invested into each account? \n" ); document.write( "
Algebra.Com's Answer #745434 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x at 5% \n" ); document.write( "7500-x at 6% \n" ); document.write( "interest is .05x+.06(7500-x) \n" ); document.write( ".05x-.06x+450=380 \n" ); document.write( "-0.01x=-70 \n" ); document.write( "x=$7000 at 5% or $350 interest per year \n" ); document.write( "7500-x=500 @ 6% or $30 interest per year. They add to $380 \n" ); document.write( " |