document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=223627>Question 223627</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Betsy, a recent retiree, requires $6000 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 15% per year or in a certificate of deposit (CD) paying 7% per year. How much money should be invested in each to realize exactly $6000 interest per year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #167137 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><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=167137\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .15x+.07(50,000-x)=6,000<BR>\n" );
document.write( ".15x+3,500-.07x=6,000<BR>\n" );
document.write( ".08x=6,000-3,500<BR>\n" );
document.write( ".08x=2,500<BR>\n" );
document.write( "x=2,500/.08<BR>\n" );
document.write( "x=31,250 invested @ 15 %.<BR>\n" );
document.write( "50,000-31,250=18,750 amount invested @ 7%.<BR>\n" );
document.write( "Proof:<BR>\n" );
document.write( ".15*31,250+.07*18,750=6,000<BR>\n" );
document.write( "4,687.50+1,312.50=6,000<BR>\n" );
document.write( "6,000=6,000\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );