document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=262868>Question 262868</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A bus driver wants to earn $3,500 per year in supplemental income from an inheritance of $40,000. If the driver invests $10,000 in a mutual fund paying 8%, what rate must he earn on the remainder to achieve his goal? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #193673 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=193673\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .08*10,000+X*30,000=3,500<BR>\n" );
document.write( "800+30,000X=3,500<BR>\n" );
document.write( "30,000X=3,500-800<BR>\n" );
document.write( "30,000X=2,700<BR>\n" );
document.write( "X=2,700/30,000<BR>\n" );
document.write( "X=.09 OR 9% IS THE RATE REQUIRED FOR THE $30,000 INVESTMENT TO MEET HIS GOALS.<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( ".08*10,000+.09*30,000=3,500<BR>\n" );
document.write( "800+2,700=3,500<BR>\n" );
document.write( "3,500=3,500 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );