document.write( "Question 135605: A total of $20,000 is invested in two accounts earning simple interest. For one account, the annual intest rate is 5% and for the secong account the rate is 3%. After one year, the total amount of interest earned was $870. How much was invested in each account? \n" ); document.write( "
Algebra.Com's Answer #99402 by checkley77(12844) ![]() You can put this solution on YOUR website! .05X+.03(20,000-X)=870 \n" ); document.write( ".05X+600-.03X=870 \n" ); document.write( ".02X-.02X=870-600 \n" ); document.write( ".02X=270 \n" ); document.write( "X=270/.02 \n" ); document.write( "X=13,500 INVESTED @ 5% \n" ); document.write( "20,000-13,500=6,500 INVESTED @ 3% \n" ); document.write( "PROOF \n" ); document.write( ".05*13,500+.03*6,500=870 \n" ); document.write( "675+195=870 \n" ); document.write( "870=870 \n" ); document.write( " |