document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=264270>Question 264270</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A financial planner wants to invest $8000, some in stock earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #194582 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=194582\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .15x+.06(8,000-x)=930<BR>\n" );
document.write( ".15x+480-.06x=930<BR>\n" );
document.write( ".09x=930-480<BR>\n" );
document.write( ".09x=450<BR>\n" );
document.write( "x=450/.09<BR>\n" );
document.write( "x=5,000 invested @ 15%.<BR>\n" );
document.write( "8,000-5,000=3,000 invested @ 6%<BR>\n" );
document.write( "Proof:<BR>\n" );
document.write( ".15*5,000+.06*3,000=930<BR>\n" );
document.write( "750+180=930<BR>\n" );
document.write( "930=930 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );