SOLUTION: How can 54,000 be invested, part at 8% annual simple interest and the remainder at 10%annual simple interest, so that the interest earned by the two accounts will be equal

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Question 236016: How can 54,000 be invested, part at 8% annual simple interest and the remainder at 10%annual simple interest, so that the interest earned by the two accounts will be equal
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
.10X=.08(54,000-X)
.10X=43.20-.08X
.10X+.08X=4320
.18X=4320
X=4320/.18
X=24,000 AMOUNRT INVESTED @ 10%.
54,000-24,000=30,000 AMOUNT INVESTED @ 8%.
PROOF:
.10*24,000=30,000*.08
2,400=2,400