document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=6211>Question 6211</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please solve this word problems for me. I need the algebra equation along with the answer, please.\r<BR>\n" );
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document.write( "Mardi received an inheritance of $60,000. She invested part at 8% and deposited the remainder in tax-free bonds at 7%. Her total annual income from the investment was $4700. Find the amount invested at 8%.\r<BR>\n" );
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document.write( "thanks<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 #3297 by </B><A HREF=/tutors/aboutme.mpl?userid=Earlsdon><B>Earlsdon(6294)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Earlsdon><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=3297\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let x = the amount Mardi invested at 8% and $60,000 - x = the amount invested in the tax-free bonds at 7%.\r<BR>\n" );
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document.write( "The interest received from the 8% investment is: 0.08x<BR>\n" );
document.write( "The interest received from the tax-free bonds is 0.07($60,000 - x)\r<BR>\n" );
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document.write( "The total interest is:<BR>\n" );
document.write( " 0.08x + 0.07($60,000 - x) = $4,700  Simplify and solve for x.<BR>\n" );
document.write( "0.08x + $4,200 - 0.07x = $4,700<BR>\n" );
document.write( "0.01x + $4,200 = $4,700 Subtract $4,200 from both sides.<BR>\n" );
document.write( "0.01x = $500 Divide both sides by 0.01<BR>\n" );
document.write( "x = $50,000 The amount invested at 8% </SPAN>\n" );
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