document.write( "Question 280808: A financial service recommends that a client purchase a corporate bond for $15,000 that earns 6% annual simple interest. How much additional money must be placed in U.S. governments securities that earn a simple interest rate of 3.5% so that the total annual interest earned from the two investments is 5% of the total investment? \n" ); document.write( "
Algebra.Com's Answer #204059 by stanbon(75887)\"\" \"About 
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A financial service recommends that a client purchase a corporate bond for $15,000 that earns 6% annual simple interest. How much additional money must be placed in U.S. governments securities that earn a simple interest rate of 3.5% so that the total annual interest earned from the two investments is 5% of the total investment?
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\n" ); document.write( "Equation:
\n" ); document.write( "interest + interest = interest
\n" ); document.write( "0.06*15000 + 0.035x = 0.05(x+15000)
\n" ); document.write( "Multiply thru by 1000 and solve for \"x\":
\n" ); document.write( "60*15000 + 35x = 50x + 50*15000
\n" ); document.write( "10*15000 = 15x
\n" ); document.write( "x = $10,000 (amt. he should invest in U.S. gov. securities.
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H. \n" ); document.write( "
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