\(\text{www.the}\beta\text{etafunction.com}\)
Home
Login
Questions: Algebra BusinessCalculus

Please login to create an exam or a quiz.

Algebra
Applications Linear Functions
New Random

$10200 is invested in two different accounts. One account pays 19% simple interest per year and the other account pays 13% simple interest per year. If the total interest earn in one year is $1866.00, how much is invested at each rate?


Let \(\displaystyle x\) be the amount invested at 19%. Then \(\displaystyle 10200-x\) is amount invested at 13%. This gives the equation \(\displaystyle 0.19 x+0.13(10200 - x)=1866\). Solving for \(\displaystyle x\) gives \(\displaystyle x = 9000\). So the amount in the other account is $1200.

Download \(\LaTeX\)

\begin{question}\$10200 is invested in two different accounts. One account pays 19\% simple interest per year and the other account pays 13\% simple interest per year. If the total interest earn in one year is \$1866.00, how much is invested at each rate? 
    \soln{10cm}{Let $x$ be the amount invested at 19\%. Then $10200-x$ is amount invested at 13\%. This gives the equation $0.19 x+0.13(10200 - x)=1866$. Solving for $x$ gives $x = 9000$. So the amount in the other account is \$1200.}

\end{question}

Download Question and Solution Environment\(\LaTeX\)
\documentclass{article}
\usepackage{tikz}
\usepackage{amsmath}
\usepackage[margin=2cm]{geometry}
\usepackage{tcolorbox}

\newcounter{ExamNumber}
\newcounter{questioncount}
\stepcounter{questioncount}

\newenvironment{question}{{\noindent\bfseries Question \arabic{questioncount}.}}{\stepcounter{questioncount}}
\renewcommand{\labelenumi}{{\bfseries (\alph{enumi})}}

\newif\ifShowSolution
\newcommand{\soln}[2]{%
\ifShowSolution%
\noindent\begin{tcolorbox}[colframe=blue,title=Solution]#2\end{tcolorbox}\else%
\vspace{#1}%
\fi%
}%
\newcommand{\hideifShowSolution}[1]{%
\ifShowSolution%
%
\else%
#1%
\fi%
}%
\everymath{\displaystyle}
\ShowSolutiontrue

\begin{document}\begin{question}(10pts) The question goes here!
    \soln{9cm}{The solution goes here.}

\end{question}\end{document}
HTML for Canvas
<p> <p>&#36;10200 is invested in two different accounts. One account pays 19&#37; simple interest per year and the other account pays 13&#37; simple interest per year. If the total interest earn in one year is &#36;1866.00, how much is invested at each rate? </p> </p>
HTML for Canvas
<p> <p>Let  <img class="equation_image" title=" \displaystyle x " src="/equation_images/%20%5Cdisplaystyle%20x%20" alt="LaTeX:  \displaystyle x " data-equation-content=" \displaystyle x " />  be the amount invested at 19&#37;. Then  <img class="equation_image" title=" \displaystyle 10200-x " src="/equation_images/%20%5Cdisplaystyle%2010200-x%20" alt="LaTeX:  \displaystyle 10200-x " data-equation-content=" \displaystyle 10200-x " />  is amount invested at 13&#37;. This gives the equation  <img class="equation_image" title=" \displaystyle 0.19 x+0.13(10200 - x)=1866 " src="/equation_images/%20%5Cdisplaystyle%200.19%20x%2B0.13%2810200%20-%20x%29%3D1866%20" alt="LaTeX:  \displaystyle 0.19 x+0.13(10200 - x)=1866 " data-equation-content=" \displaystyle 0.19 x+0.13(10200 - x)=1866 " /> . Solving for  <img class="equation_image" title=" \displaystyle x " src="/equation_images/%20%5Cdisplaystyle%20x%20" alt="LaTeX:  \displaystyle x " data-equation-content=" \displaystyle x " />  gives  <img class="equation_image" title=" \displaystyle x = 9000 " src="/equation_images/%20%5Cdisplaystyle%20x%20%3D%209000%20" alt="LaTeX:  \displaystyle x = 9000 " data-equation-content=" \displaystyle x = 9000 " /> . So the amount in the other account is &#36;1200.</p> </p>