document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=274859>Question 274859</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A total of $30,000 was invested in two mutual funds. One fund yields 10.5% annual simple interest; the other fund earns 6%. At the end of the year, the combined interest from the two funds was $2,340. How was invested in each fund. Thank You </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #200619 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=200619\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .105X+.06(30,000-X)=2,340<BR>\n" );
document.write( ".105X+1,800-.06X=2,340<BR>\n" );
document.write( ".045X=2,340-1,800<BR>\n" );
document.write( ".045X=540<BR>\n" );
document.write( "X=540/.045<BR>\n" );
document.write( "X=12,000 AMOUNT INVESTED @ 10.5%<BR>\n" );
document.write( "30,000-12,000=18,000 AMOUNT INVESTED @ 6%<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( ".105*12,000+.06*18,000=2,340<BR>\n" );
document.write( "1,260+1,080=2,340<BR>\n" );
document.write( "2,340=2,340 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );