document.write( "Question 1196499: Paul and Donna Petrie invested ​$34,000, part at 2% simple interest and the rest 7% at simple interest for a period of 1 year. How much did they invest at each rate if their total annual interest from both investments was 1380​? \n" ); document.write( "
Algebra.Com's Answer #829345 by josgarithmetic(39621)\"\" \"About 
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\n" ); document.write( "​$34,000, part at 2% simple interest and the rest 7% at simple interest for a period of 1 year. How much did they invest at each rate if their total annual interest from both investments was 1380​?
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\n" ); document.write( "\n" ); document.write( "This kind done thousands of times.\r
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\n" ); document.write( "... invest ​$P, part at L% simple interest and the rest H% at simple interest for a period of 1 year. How much did they invest at each rate if their total annual interest from both investments was Y​?
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\n" ); document.write( "\n" ); document.write( "v invested at H%
\n" ); document.write( "P-v invested at L%
\n" ); document.write( "P = 34000
\n" ); document.write( "Y =1380\r
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\n" ); document.write( "\n" ); document.write( "\"highlight_green%28%281%2F100%29Hv%2B%281%2F100%29L%28P-v%29=Y%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"Hv%2BL%28P-v%29=100Y\"\r
\n" ); document.write( "\n" ); document.write( "\"Hv%2BLP-Lv=100Y\"\r
\n" ); document.write( "\n" ); document.write( "\"%28H-L%29v=100Y-LP\"\r
\n" ); document.write( "\n" ); document.write( "\"v=%28100Y-LP%29%2F%28H-L%29\"----------substitute the given values and evaluate v.
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