document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=32398>Question 32398</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Denise inherited 60k. She invested part at 7% and deposited the remainder in tax free bonds at 8%. Her total annual income from the investments was 4400. Find the amount at 7% </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #18910 by </B><A HREF=/tutors/aboutme.mpl?userid=mukhopadhyay><B>mukhopadhyay(490)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mukhopadhyay><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=18910\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Assume Denise invested x dollars at 7%.<BR>\n" );
document.write( "So, (60000-x) dollars was invested at 8%<BR>\n" );
document.write( "Interest from both of these investments = 4400<BR>\n" );
document.write( "=> 7% of x + 8% of (60000-x) = 4400<BR>\n" );
document.write( "=> .07x + 4800 - .08x = 4400<BR>\n" );
document.write( "=> .01x = 400<BR>\n" );
document.write( "=> x = 40000<BR>\n" );
document.write( "Answer: $40,000 was invested at 7% </SPAN>\n" );
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