document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=34156>Question 34156</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Help me with this in a hurry please? I need it explained all problems algebraically please? \r<BR>\n" );
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document.write( "INVESTMENT CLUBS: Part of $8000.00 was invested by an investment club at 10% interest and the rest at 12%. If the annual income from these investments is $900.00, how much was invested at each rate?\r<BR>\n" );
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document.write( "Thank you so much!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #20494 by </B><A HREF=/tutors/aboutme.mpl?userid=venugopalramana><B>venugopalramana(3286)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=venugopalramana><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.geocities.com/venugopalramana/FREE_MATHS_ASSISTANCE.html valign=middle><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=20494\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Part of $8000.00 was invested by an investment club at 10% interest<BR>\n" );
document.write( "LET THIS INVESTMENT BE X...SO INTERST ON THIS IS..I=PNR/100=X*1*10/100=10X/100<BR>\n" );
document.write( " and the rest at 12%.<BR>\n" );
document.write( "REST OF THE MONEY IS (8000-X)...SO INTEREST ON THIS IS =(8000-X)*1*12/100<BR>\n" );
document.write( " If the annual income from these investments is $900.00, how much was invested at each rate? <BR>\n" );
document.write( "TOTAL INCOME =10X/100 + (8000-X)*12/10=900<BR>\n" );
document.write( "(10X+96000-12X)/100=900<BR>\n" );
document.write( "-2X+96000=90000<BR>\n" );
document.write( "2X=96000-90000=6000<BR>\n" );
document.write( "X=3000<BR>\n" );
document.write( "HENCE 3000 IS INVESTED AT 10% AND REST 5000 INVESTED AT 12% </SPAN>\n" );
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