document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=257500>Question 257500</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ralph Chase plans to sell a piece of property for $180,000. He wants the money to be paid off in two ways, a short-term note at 11% interest and a long-term note at 8% interest. Find the amount of each note if the total annual interest paid is $17,400. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #189474 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=189474\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .11x+.08(180000-x)=17400<BR>\n" );
document.write( ".11x+14400-.08x=17400<BR>\n" );
document.write( ".03x=3000<BR>\n" );
document.write( "x=$100,000 at 11%<BR>\n" );
document.write( "$80,000 at 8% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );