document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=261662>Question 261662</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A total of $20,000 was invested in two bond mutual funds, a junk bond fund and a government bond fund. The junk bond fund is risky and yields 11% interest. The safer government bond fund yields only 5%. The total income for the year from the two investments was $1300. How much was invested in each fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #192849 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=192849\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .11X+.05(20,000-X)=1,300<BR>\n" );
document.write( ".11X+1,000-.05X=1,300<BR>\n" );
document.write( ".06X=1,300-1,000<BR>\n" );
document.write( ".06X=300<BR>\n" );
document.write( "X=300/.06<BR>\n" );
document.write( "X=5,000 INVESTED @ 11%<BR>\n" );
document.write( "20,000-5,000=15,000 INVESTED @ 6%<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( ".11*5,000+.05*15,000=1,300<BR>\n" );
document.write( "550+750=1,300<BR>\n" );
document.write( "1,300=1,300 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );