document.write( "Question 1162082: Mr. Wilson invested money in two accounts. His total investment was $29,000. If one account pays 4% in interest and the other pays 7% in interest, how much did he invest in each account if he earned a total of $1,550 in interest in 1 year? \n" ); document.write( "

Algebra.Com's Answer #785796 by ikleyn(52794) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "0.07x + 0.04(29000-x) = 1550   dollars.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "x =  = 13000.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "ANSWER.  $13000 invested at 7%  and  the rest, 29000-13000 = 16000 dollars invested at 4%.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "CHECK.  0.07*13000 + 0.04*16000 = 1550 dollars.   ! Precisely correct !\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( "Solved.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );