document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=468978>Question 468978</A>: <I><SPAN STYLE=\"word-break: break-all;\"> a teacher has a choice of two investment plans an insured fund that has paid an average of 11% interest per year or a riskier investment that has an averaged a 13% return . if the same amount invested at the higher rate would generate an extra $120 per year how much does the teacher have to invest<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 #321756 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=321756\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A teacher has a choice of two investment plans an insured fund that has paid an average of 11% interest per year or a riskier investment that has an averaged a 13% return . if the same amount invested at the higher rate would generate an extra $120 per year how much does the teacher have to invest\r<BR>\n" );
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document.write( "Let the investment amount  = x<BR>\n" );
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document.write( "0.13x - 0.11x = 120<BR>\n" );
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document.write( "0.02x = 120<BR>\n" );
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document.write( "x = $6000<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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