document.write( "Question 1145874: A person plans to invest three times as much in an account at 4​% interest as in an account at 14​% annual interest. How much should the person invest in each account to earn a total of $ 260 in one​ year? \n" ); document.write( "
Algebra.Com's Answer #767142 by ikleyn(52795)\"\" \"About 
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document.write( "Let x be the amount invested at 14% (in dollars, of course).\r\n" );
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document.write( "Then the amount invested at 4% is 3x (\"three times as much . . . \").\r\n" );
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document.write( "The total interest is the sum of partial interests\r\n" );
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document.write( "    0.04*(3x) + 0.14x = 260   dollars.\r\n" );
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document.write( "Simplify and solve\r\n" );
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document.write( "    0.12x + 0.14x = 260\r\n" );
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document.write( "    0.26x         = 260\r\n" );
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document.write( "        x         = \"260%2F0.26\" = 1000.\r\n" );
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document.write( "ANSWER.  $1000 invested at 14% and 3 * $1000 = $3000 invested at 4%.\r\n" );
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document.write( "CHECK.   0.14*1000 + 0.04*3000 = 260  dollars.   ! Precisely correct !\r\n" );
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\n" ); document.write( "\n" ); document.write( "It is a standard and typical problem on investments.\r
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\n" ); document.write( "\n" ); document.write( "If you need more details,  or if you want to see other similar problems solved by different methods,  look into the lesson \r
\n" ); document.write( "\n" ); document.write( "    - Using systems of equations to solve problems on investment\r
\n" ); document.write( "\n" ); document.write( "in this site.\r
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\n" ); document.write( "\n" ); document.write( "You will find there different approaches  (using one equation or a system of two equations in two unknowns),  as well as
\n" ); document.write( "different methods of solution to the equations  (Substitution,  Elimination).\r
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\n" ); document.write( "\n" ); document.write( "Also,  you have this free of charge online textbook in ALGEBRA-I in this site\r
\n" ); document.write( "\n" ); document.write( "    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r
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\n" ); document.write( "\n" ); document.write( "The referred lesson is the part of this online textbook under the topic  \"Systems of two linear equations in two unknowns\".\r
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\n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r
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\n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I
\n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r
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\n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r
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\n" ); document.write( "\n" ); document.write( "Is everything clear to you in my solution ?\r
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\n" ); document.write( "\n" ); document.write( "If not, let me know by posting through the \"Thank you\" window (which is for students' comments).\r
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\n" ); document.write( "\n" ); document.write( "In this case, please refer to the problem's ID number, which is 1145874.\r
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\n" ); document.write( "\n" ); document.write( "If you do not refer to this number, I will not know to whom to answer.\r
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