document.write( "Question 1184070: Mr. Hall had some money in his bank earning 3.5% simple interest. He had $7000 more deposited in a credit union earning 9% simple interest. If his total interest for 1 year was $1360, how much did he deposit in each account? \n" ); document.write( "
Algebra.Com's Answer #836986 by mananth(16946) You can put this solution on YOUR website! \r \n" ); document.write( "\n" ); document.write( "Mr. Hall had some money in his bank earning 3.5% simple interest\r \n" ); document.write( "\n" ); document.write( "Let this amount be x\r \n" ); document.write( "\n" ); document.write( ". He had $7000 more deposited in a credit union earning 9% simple interest\r \n" ); document.write( "\n" ); document.write( "= x+7000\r \n" ); document.write( "\n" ); document.write( ". If his total interest for 1 year was $1360.\r \n" ); document.write( "\n" ); document.write( "3.5% x +9%(x+7000) = 1360\r \n" ); document.write( "\n" ); document.write( "0.035x +0.09(x+7000)=1360\r \n" ); document.write( "\n" ); document.write( "0.035x +0.09x+630=1360\r \n" ); document.write( "\n" ); document.write( "0.125x = 730\r \n" ); document.write( "\n" ); document.write( "x =5840 \r \n" ); document.write( "\n" ); document.write( "xMr. Hall had $5840 in his bank earning 3.5% simple interest\r \n" ); document.write( "\n" ); document.write( "Add $7000 to the amount to get the other investment\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |