document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=178616>Question 178616</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hello.\r<BR>\n" );
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document.write( "Inheriting money: Paul split an inheritance between two investments, one paying 7% annual interest and the other 10%. He invested twice as much in the 10% investment as he did in the 7% investment. If his combined annual income form the two investments was $4,050, how much did he inherit?\r<BR>\n" );
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document.write( "Thanks.\r<BR>\n" );
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document.write( "H.C. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #133576 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=133576\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Inheriting money: Paul split an inheritance between two investments, one paying 7% annual interest and the other 10%. He invested twice as much in the 10% investment as he did in the 7% investment. If his combined annual income form the two investments was $4,050, how much did he inherit? <BR>\n" );
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document.write( "Equation:<BR>\n" );
document.write( "0.07x + 0.10(2x) = 4050<BR>\n" );
document.write( "Multiply thru by 100 to get:<BR>\n" );
document.write( "7x + 20x = 405000<BR>\n" );
document.write( "27x 405000<BR>\n" );
document.write( "x = 15000 (amt. invested at 7%)<BR>\n" );
document.write( "2x = 30000 (amt. invested at 10%)<BR>\n" );
document.write( "Total amount invested = x + 2x = 45,000<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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