document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=29333>Question 29333</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A securities broker advised a client to invest a total of $21,000 in bonds paying 12% interest and in certificates of deposit paying 5 1/4% interest. The annual income from these investiments was $2250. Find out how much was invested at each rate. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #16184 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=16184\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x = amount invested at 12%<BR>\n" );
document.write( "21000 - x = amount invested at 5.25%<BR>\n" );
document.write( ".12x + .0525(2100-x) = 2250<BR>\n" );
document.write( "1102.50 - .0525x = 2250<BR>\n" );
document.write( ".0675x = 1147.5<BR>\n" );
document.write( "x = 1147.5/.0675<BR>\n" );
document.write( "x = 17000 invested at 12%<BR>\n" );
document.write( "21000-x = 4000 invested at 5.25%<BR>\n" );
document.write( "check<BR>\n" );
document.write( ".12(17000) + .0525(21000-17000) = 2250<BR>\n" );
document.write( "2040 + 210 = 2250<BR>\n" );
document.write( "2250 = 2250<BR>\n" );
document.write( "OK </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );