document.write( "Question 114903: Paul wants to invest a total of $5000 in two accounts, one paying 4% annual simple interest and the other 3%. If he wants to earn $165 annua; interest, how much should he invest at each rate? \n" ); document.write( "
Algebra.Com's Answer #83580 by checkley71(8403)![]() ![]() ![]() You can put this solution on YOUR website! .04X+.03(5000-X)=165 \n" ); document.write( ".04X+150-.03X=165 \n" ); document.write( ".01X=165-150 \n" ); document.write( ".01X=15 \n" ); document.write( "X=15/.01 \n" ); document.write( "X=$1,500 SHOULD BE INVESTED @ 4%. \n" ); document.write( "5000-1500=$3,500 INVESTED @ 3%. \n" ); document.write( "PROOF \n" ); document.write( ".04*1500+.03*3500=165 \n" ); document.write( "60+105=165 \n" ); document.write( "165=165 \n" ); document.write( " |