document.write( "Question 1130905: dan invested a total of $4,000 in two different plans. the first plan returns 9% simple interest annually while the second plan returns 6%. if the total interest earned after one year is $286, what principal was invested in each plan? \n" ); document.write( "
Algebra.Com's Answer #747525 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "let x = amount invested at 9% \n" ); document.write( "then 4000-x = amount invested at 6% \n" ); document.write( "interest from investment at 9% = .09(x) \n" ); document.write( "interest from investment at 6% = .06(4000-x) \n" ); document.write( "The total interest is $286: \n" ); document.write( " \n" ); document.write( "You can do the algebra to finish the problem. \n" ); document.write( "Note that the problem is poorly formulated, because the amounts invested at the two rates are not whole numbers of dollars, or even whole numbers of cents... not realistic! \n" ); document.write( " |