document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=172780>Question 172780</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A broker invested $13,000 in two different stocks. One earned dividends at a rate of 8% and the other at 7%. If a dividend of $1370 was earned on both stocks, how much was invested at each rate?<BR>\n" );
document.write( "I set up the equation as follows:<BR>\n" );
document.write( " Quantity(amount Invested)::<BR>\n" );
document.write( "StockA =      A<BR>\n" );
document.write( "StockB =  $13000 – A <BR>\n" );
document.write( "Value(Interest rate):<BR>\n" );
document.write( " StockA =   0.08 <BR>\n" );
document.write( " StockB =   0.07<BR>\n" );
document.write( "Quantity * Value:<BR>\n" );
document.write( "StockA = .08A<BR>\n" );
document.write( "StockB = 0.07($13000 – A)= 910 -.07A [WHERE DID YOU GET THE 910 TERM?????]<BR>\n" );
document.write( "Therefore:<BR>\n" );
document.write( "0.08A + 910 – 0.07A = $1370<BR>\n" );
document.write( "910 + 0.01A = $13000 = $1370 <BR>\n" );
document.write( "0.01A = $460<BR>\n" );
document.write( "A = $46,000  ???? \r<BR>\n" );
document.write( "\n" );
document.write( "Here is where I am lost because the broker only had $13,000 to invest. $46,000 > $13,000. What’s wrong???<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 #127621 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=127621\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .08x+.07(18,000-x)=1,370<BR>\n" );
document.write( ".08x+1,260-.07x=1,370<BR>\n" );
document.write( ".01x=1,370-1,260<BR>\n" );
document.write( ".01x=110<BR>\n" );
document.write( "x=110/.01<BR>\n" );
document.write( "x=11,000 invested @ 8%.<BR>\n" );
document.write( "18,000-11,000=7,000 invested @ 7%.<BR>\n" );
document.write( "Proof:<BR>\n" );
document.write( ".08*11,000+.07*7,000=1,370<BR>\n" );
document.write( "880+490=1,370<BR>\n" );
document.write( "1,370=1,370 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );