document.write( "Question 1180473: Joseph has $12500 to invest in two different accounts. Account 1 pays 9% interest and account 2 pays 12%. After a year, the interest paid by account 2 is twice the interest paid by account 1. How much money did Joseph invest in each account?
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Algebra.Com's Answer #810149 by mananth(16946)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Joseph has $12500 to invest in two different accounts. \n" ); document.write( "x in account 1 \n" ); document.write( "12500-x in account 2\r \n" ); document.write( "\n" ); document.write( "Account 1 pays 9% interest and account 2 pays 12%.\r \n" ); document.write( "\n" ); document.write( "9%x interest in account 1 \n" ); document.write( " 12%(12500-x) in account 2\r \n" ); document.write( "\n" ); document.write( "Account 1 pays 9% interest and account 2 pays 12%.\r \n" ); document.write( "\n" ); document.write( "12%(12500-x) =2*9%x \r \n" ); document.write( "\n" ); document.write( "multiply equation by 100\r \n" ); document.write( "\n" ); document.write( "12(12500-x) =18x\r \n" ); document.write( "\n" ); document.write( "150000 -12x =18x \n" ); document.write( "30x = 150000\r \n" ); document.write( "\n" ); document.write( "x=5000\r \n" ); document.write( "\n" ); document.write( "$5000 at 9% \n" ); document.write( "$7500 at 12%\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |