document.write( "Question 1193976: How can $39,000 be invested, part at 8% annual simple interest and the remainder at 5% annual simple interest, so that the interest earned by the two accounts will be equal? \n" ); document.write( "
Algebra.Com's Answer #826061 by greenestamps(13198)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "If the amounts of interest from the two investments at 8% and 5% are equal, then the amounts invested at the two rates must be in the ratio 5:8. So \n" ); document.write( "5x = amount invested at 8% \n" ); document.write( "8x = amount invested at 5% \n" ); document.write( "The total amount invested was $39,000: \n" ); document.write( "5x+8x=39000 \n" ); document.write( "13x=39000 \n" ); document.write( "x=3000 \n" ); document.write( "ANSWER: The amounts of interest are the same if 5x=$15,000 is invested at 8% and 8x=$24,000 is invested at 5%. \n" ); document.write( " \n" ); document.write( " |