document.write( "Question 214074: Could someone please help me soldve this question, I am really trying to assistanace my daughter in her Algebra. Thanks.\r
\n" ); document.write( "\n" ); document.write( "Anthony invested part of his $12,000 inheritance in a bond paying 9% and the other part in savings account paying 6%. If his interest from the two investments was $930 in the first year, how much did he have invested at each rate?
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Algebra.Com's Answer #161692 by josmiceli(19441)\"\" \"About 
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Let \"b\" = dollars invested in bond
\n" ); document.write( "Then \"12000+-+b\" will equal dollars invested in savings
\n" ); document.write( "given:
\n" ); document.write( "Interest earned from bond = \".09b\"
\n" ); document.write( "Interest earned from savings = \".06%2A%2812000+-+b%29\"
\n" ); document.write( "\".09b+%2B+.06%2A%2812000+-+b%29+=+930\"
\n" ); document.write( "-----------------------------------
\n" ); document.write( "Solve the equation for \"b\"
\n" ); document.write( "\".09b+%2B+720+-+.06b+=+930\"
\n" ); document.write( "Subtract \"720\" from both sides
\n" ); document.write( "\".09b+-+.06b+=+930+-+720\"
\n" ); document.write( "\".03b+=+210\"
\n" ); document.write( "\"b+=+7000\"
\n" ); document.write( "and
\n" ); document.write( "\"12000+-+b+=+12000+-+7000\"
\n" ); document.write( "\"12000+-+b+=+5000\"
\n" ); document.write( "Anthony invested $7,000 in the bond and $5,000 in savings
\n" ); document.write( "check the answer:
\n" ); document.write( "\".09b+%2B+.06%2A%2812000+-+b%29+=+930\"
\n" ); document.write( "\".09%2A7000+%2B+.06%2A5000+=+930\"
\n" ); document.write( "\"630+%2B+300+=+930\"
\n" ); document.write( "\"930+=+930\"
\n" ); document.write( "OK
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