document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=250757>Question 250757</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr. Walsh invested $16,000 at 7%. How much additional money must he invest at 4% so that his total annual income will be 5% of his entire investment. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #182622 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=182622\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Mr. Walsh invested $16,000 at 7%. How much additional money must he invest at 4% so that his total annual income will be 5% of his entire investment.<BR>\n" );
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document.write( "Let the additional amount be \"x\":<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "0.07*16000 + 0.04x = 0.05(16000+x)<BR>\n" );
document.write( "Multiply thru by 100 to get:<BR>\n" );
document.write( "7*16000 + 4x = 5*16000 + 5x<BR>\n" );
document.write( "x = 2*16000<BR>\n" );
document.write( "x = $32000<BR>\n" );
document.write( "==================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );