document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=412374>Question 412374</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Alice needs a return of 12% on her investment. She has $14,000 in bonds that yield 8% and $16,000 to invest. What yield should she get on the $16,000? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #289660 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=289660\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Total investment = > 14000+16000=30,000<BR>\n" );
document.write( "return = 12%<BR>\n" );
document.write( "=3,600\r<BR>\n" );
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document.write( "..<BR>\n" );
document.write( "14,000 @ 8% = 1120<BR>\n" );
document.write( "total return - return on bonds = 3600-1120=2480\r<BR>\n" );
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document.write( "..<BR>\n" );
document.write( "She has 16000 to invest <BR>\n" );
document.write( "return required = 2480<BR>\n" );
document.write( "I= p*r*t<BR>\n" );
document.write( "1480 = 16000*r*1<BR>\n" );
document.write( "2480/16000=r<BR>\n" );
document.write( "r= 0.155<BR>\n" );
document.write( "= 15.5%<BR>\n" );
document.write( "she has to invest at 15.5% </SPAN>\n" );
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