document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=169932>Question 169932</A>: <I><SPAN STYLE=\"word-break: break-all;\"> This problem is for a project we were given: <BR>\n" );
document.write( "  Jeremy inherits $200,000 and invests part of the money in bonds with an interest rate of 8%. The remainder of the money is in savings at a 5% rate. What AMOUNT has he invested at EACH RATE if he recieves $14,800 interest for 1 year.? <BR>\n" );
document.write( "So far I have the following: <BR>\n" );
document.write( "let x= dollars invested at 8%<BR>\n" );
document.write( "$200,000-x = dollars invested at 5%. <BR>\n" );
document.write( "Equation as .08x+ .05(200,000-x)=$14,800<BR>\n" );
document.write( "I know you have to clear the decimal and go from there, but when I tried to solve it I got some funky number. <BR>\n" );
document.write( "thank you for your help! <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #125376 by </B><A HREF=/tutors/aboutme.mpl?userid=Earlsdon><B>Earlsdon(6294)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Earlsdon><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=125376\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Well, there's certainly nothing wrong with your initial equation!<BR>\n" );
document.write( "0.08x + 0.05($200,000-x) = $14,800 Perform the indicated multiplication<BR>\n" );
document.write( "0.08x+$10,000-0.05x = $14,800 Combine like-terms.<BR>\n" );
document.write( "0.03x+$10,000 = $14,800 Subtract $10,000 from both sides.<BR>\n" );
document.write( "0.03x = $4,800 Divide both sides by 0.03<BR>\n" );
document.write( "x = $160,000 and...<BR>\n" );
document.write( "$200,000-x = $200,000-$160,000 = $40,000<BR>\n" );
document.write( "So $160,000 was invested at 8% while $40,000 was invested at 5% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );