<PRE><B>Question 916911</B>
An account executive deposited $40,000 into 2 simple interest accounts. One earns 5% and the other earns 15%. How much is in each if interests are equal?
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Equation:
interest = interest
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0.05x = 0.15(40000-x)
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5x = 15*40000 - 15x
20x = 15*40000
x = 15*2000
x = $30,000 (amt. invested at 5%)
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40000-x = $10,000 (amt invested at 15%)
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Cheers,
Stan H.
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