document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=197708>Question 197708</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0395977258/algebrahomeworkh>Algebra 2 and Trigonometry</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> A financial planner wants to invest $8000, some in stocks earning 15% anually and rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 anually from the two investments? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #148251 by </B><A HREF=/tutors/aboutme.mpl?userid=jcon16><B>jcon16(2)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jcon16><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=148251\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x = amount earning 6% annually.<BR>\n" );
document.write( "(8000-x) = amount earning 15% annually\r<BR>\n" );
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document.write( "Then we set up our equation which is a sum of the 15% return and the 6% return and we let that sum equal our desired return on investment ($930).  Then solve for x.\r<BR>\n" );
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document.write( "(8000-x)*.15 + x*.06 = 930\r<BR>\n" );
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document.write( "1200 - .15x + .06x = 930\r<BR>\n" );
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document.write( ".09x = 270\r<BR>\n" );
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document.write( "x = 3000.\r<BR>\n" );
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document.write( "Therefore, you should invest $3000 at 6% and $5000 at 15% to earn $930 annually. </SPAN>\n" );
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