document.write( "Question 1133695: Suppose $50,000 is divided into two bank accounts. One account pays 4% simple interest per year and the other pays 6.4%. After five years there is a total of $12,000 in interest between the two accounts. How much was invested into the bank account that pays 4% simple interest (rounded to the nearest cent)? \n" ); document.write( "
Algebra.Com's Answer #750945 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! For simple interest: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "----------------------------- \n" ); document.write( " \n" ); document.write( "(1) \n" ); document.write( "and \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "(2) \n" ); document.write( "---------------------------------- \n" ); document.write( "Substitute (1) into (2) \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "----------------------------------- \n" ); document.write( "$33,333.33 is invested in 4% interest account \n" ); document.write( "--------------------------------------------------- \n" ); document.write( "check: \n" ); document.write( "(1) \n" ); document.write( "(1) \n" ); document.write( "and \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "OK\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |