document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=167760>Question 167760</A>: <I><SPAN STYLE=\"word-break: break-all;\"> john has retired and needs $ 6000 per annum to live. he has $50000 to invest and can invest in bonds at 15 % annual interest or in bank certificates at an annual rate of 7 % .how much money should he invest in each type of investment to get a income of 6000 $ per annum? what if he determines he actually requires an income of 7000 per year </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #123676 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=123676\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .15x+.07(50,000-x)=6000<BR>\n" );
document.write( ".15x+3,500-.07x=6,000<BR>\n" );
document.write( ".08x=6,000-3,500<BR>\n" );
document.write( ".08x=2,500<BR>\n" );
document.write( "x=2,500/.08<BR>\n" );
document.write( "x=$31.250 needs to be invested @ 15%<BR>\n" );
document.write( "50,000-31,250=18,750 invested @ 7%<BR>\n" );
document.write( "-------------------------------------<BR>\n" );
document.write( ".15x+.07(50,000-x)=7000<BR>\n" );
document.write( ".15x+3,500-.07x=7,000<BR>\n" );
document.write( ".08x=7,000-3,500<BR>\n" );
document.write( ".08x=3,500<BR>\n" );
document.write( "x=3,500/.08<BR>\n" );
document.write( "x=43,750 amount invested @ 15%<BR>\n" );
document.write( "50,000-43,750=6,250 invested @ 7%<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );