document.write( "Question 1158314: Blake has a total of $12,000 to invest into two accounts. One account earns 2% simple interest and the other earns 5% simple interest. How much should be invested in each account to earn exactly $390 at the end of one year \n" ); document.write( "
Algebra.Com's Answer #781236 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x at .02 \n" ); document.write( "12000-x at .05 \n" ); document.write( ".02x+.05(12000-x)=390. With simple interest it is principal *rate*1 for a year \n" ); document.write( ".02x+600-.05x=390 \n" ); document.write( "-.03x=-210 \n" ); document.write( "x=$7000 at 2% ($140) \n" ); document.write( "12000-x=$5000 at 5% or $250. \n" ); document.write( " |