document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=180831>Question 180831</A>: <I><SPAN STYLE=\"word-break: break-all;\"> David split his $25,000 inheritance<BR>\n" );
document.write( "between Fidelity Short-Term Bond Fund with an annual<BR>\n" );
document.write( "yield of 5% and T. Rowe Price Tax-Free Short-Intermediate<BR>\n" );
document.write( "Fund with an annual yield of 4%. If his total income for 1 year on the two investments was $1140, then how much<BR>\n" );
document.write( "did he invest in each fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #135573 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=135573\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> David split his $25,000 inheritance<BR>\n" );
document.write( "between Fidelity Short-Term Bond Fund with an annual<BR>\n" );
document.write( "yield of 5% and T. Rowe Price Tax-Free Short-Intermediate<BR>\n" );
document.write( "Fund with an annual yield of 4%. If his total income for 1 year on the two investments was $1140, then how much<BR>\n" );
document.write( "did he invest in each fund?<BR>\n" );
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document.write( "Equation:<BR>\n" );
document.write( "interest + interest = interest<BR>\n" );
document.write( "0.04x + 0.05(25000-x) = 1140\r<BR>\n" );
document.write( "\n" );
document.write( "Multiply thru by 100 to get:\r<BR>\n" );
document.write( "\n" );
document.write( "4x + 5*25000 - 5x = 114000<BR>\n" );
document.write( "x = 125000 - 114000<BR>\n" );
document.write( "x = $11000 (amt invested at 4%)<BR>\n" );
document.write( "25000-x = $14 (amt invested by 5%)<BR>\n" );
document.write( "---------------------------------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );