document.write( "Question 1139798: Maria invests a total of $10,500 in two accounts paying 6% and 15% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $990.00. \n" ); document.write( "
Algebra.Com's Answer #837935 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Here is a solution by a very different method that can be used on any 2-part mixture problem like this. Especially if the numbers are \"nice\", this method is much faster than the standard algebraic solution method. \n" ); document.write( "$10,500 all invested at 6% would yield $630 interest; all at 15% would yield $1575 interest. The actual interest amount was $990. \n" ); document.write( "Look at those three interest amounts (on a number line, if it helps) and observe/calculate that $990 is $360/$945 = 72/189 = 8/21 of the way from $630 to $1575. \n" ); document.write( "That means 8/21 of the total was invested at the higher rate. \n" ); document.write( "8/21 of the total $10,500 is 8*$500 = $4000. \n" ); document.write( "ANSWER: $4000 was invested at 15%; the other $6500 at 6%. \n" ); document.write( "CHECK: .15(4000)+.06(6500) = 600+390 = 990 \n" ); document.write( " \n" ); document.write( " |