document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=29148>Question 29148</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jose invested $5,000.00. He invested part of it in a bond fund paying 5%, and the rest in a money market fund paying 4%. If the total interest earned for one year was $220.00, how much money did Jose invest in the money market fund?\r<BR>\n" );
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document.write( "Thank you,<BR>\n" );
document.write( "lyra </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #15965 by </B><A HREF=/tutors/aboutme.mpl?userid=ikdeep><B>ikdeep(226)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikdeep><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/cgi-bin/show-face.mpl?user=ikdeep><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=15965\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Note - here \"*\" is a mulitipication sign and \"/\" division sign\r<BR>\n" );
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document.write( "total money which Jose invested  = $5,000.00\r<BR>\n" );
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document.write( "Let money invested in bond fund = $x..........equation no, (1)\r<BR>\n" );
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document.write( "Therefore, Money invested in market fund = ($5,000.00 - x).....Equation no,(2)  <BR>\n" );
document.write( "(because jose invested money in market fund which is left after investing in bond fund and we are given that he has totally invested $5,000.00 in both)\r<BR>\n" );
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document.write( "Now,total interest recieved by him = $220\r<BR>\n" );
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document.write( "Therefore according to question,we get the following equation:-\r<BR>\n" );
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document.write( " $220 = 5% of bond fund + 4% of market fund\r<BR>\n" );
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document.write( "  220 = 5% of x + 4% of ($5,000.00 - x)\r<BR>\n" );
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document.write( "  220 =  5/100 of x +   4/100   of (5,000.00 - x) (here 5/100 and 4/100 means that 5 and 4 are been divided by 100)<BR>\n" );
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document.write( "Since \"of\" is converted in Mutiply sign \"*\" and after solving brackets,,We get...\r<BR>\n" );
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document.write( "  220 =  5/100  * x  +  4/100  * 5,000.00  -  4/100  * x<BR>\n" );
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document.write( "now, after mutipication, we get ...\r<BR>\n" );
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document.write( "  220 = 5/100 x  + 20,000.00/100 -  4/100 x<BR>\n" );
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document.write( "Now, after taking L.C.M. we get\r<BR>\n" );
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document.write( "   220 =  (5x + 20,000.00 - 4x)/100<BR>\n" );
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document.write( "Now, after cross mutipication,we get...\r<BR>\n" );
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document.write( "  22,000.00 = 5x + 20,000.00 - 4x \r<BR>\n" );
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document.write( "and  22,000.00 - 20,000.00 = 5x - 4x\r<BR>\n" );
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document.write( "      2,000.00 = x\r<BR>\n" );
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document.write( " Now, put the value of x in equation no, (1)....we get\r<BR>\n" );
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document.write( "  Money invested in Bond fund = $x<BR>\n" );
document.write( "                              = $2,000.00\r<BR>\n" );
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document.write( "  ANd Money invested in market fund = $5,000.00 - x<BR>\n" );
document.write( "                                    = $5,000.00 - 2,000.00<BR>\n" );
document.write( "                                    = $3,000.00\r<BR>\n" );
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document.write( "(Moreover if you want to check your answer. Take 5% of bond fund and 4% of market, the sum of both would have to be equal to $220 which is given total money recieved after investing in both the funds)\r<BR>\n" );
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document.write( " </SPAN>\n" );
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