SOLUTION: An Investment of $4400.00 is made into a 10.5% annual simple interest account. How much money is deposited into an 8% annual simple interest account if the total annual, interest e

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Question 286420: An Investment of $4400.00 is made into a 10.5% annual simple interest account. How much money is deposited into an 8% annual simple interest account if the total annual, interest earned on both accounts is 9% of the total investment.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
.105X+.08(4400-X)=4400*.09
.105X+352-.08X=396
.025X=396-352
.025X=44
X=44/.025
X=1,760 AMOUNT INVESTED @ 10.5%
4,400-1,760=2,640 AMOUNT INVESTED @ 8%.
PROOF:
.105*1,760+.08*2,640=4,400*.09
184.8+211.2=396
396=396