document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=192634>Question 192634</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/9780136007029/algebrahomeworkh></A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> How can $54000 be invested, part at 8% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts will be equal </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #150957 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=150957\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let x = the amount invested at 8%, then (54000-x) will be the amount invested at 10%. Convert the percentages to their decimal eqivalents: 8% = 0.08 and 10% = 0.1<BR>\n" );
document.write( "Now you can write the equation:<BR>\n" );
document.write( "0.08x = 0.1($54000-x) Solve this for x.<BR>\n" );
document.write( "0.08x = $5400-0.1x Add 0.1x to both sides of the equation.<BR>\n" );
document.write( "0.18x = $5400 Divide both sides by 0.18<BR>\n" );
document.write( "x = $3000 and $54000-$3000 = $24000<BR>\n" );
document.write( "$3,000 is invested at 8%<BR>\n" );
document.write( "$2,400 is invested at 10% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );