document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=268537>Question 268537</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investor earned a total of $101 at the end of one year by investing $1,050 in a money market account of a credit union. Part of this money earned 9% annual simple interest and the other part earned 10% annual simple interest. How much was invested at each rate?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #196832 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=196832\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .10X+.09(1,050-X)=101<BR>\n" );
document.write( ".10X+94.5-.09X=101<BR>\n" );
document.write( ".01X=101-94.5<BR>\n" );
document.write( ".01X=6.5<BR>\n" );
document.write( "X=6.5/.01<BR>\n" );
document.write( "X=$650 AMOUNT INVESTED @ 10%<BR>\n" );
document.write( "1,050-650=$400 AMOUNT INVESTED @ 9%.<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( ".10*650+.09*400=101<BR>\n" );
document.write( "65+36=101<BR>\n" );
document.write( "101=101<BR>\n" );
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