document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=486089>Question 486089</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this problem, step by step:<BR>\n" );
document.write( "  \"A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments?\" </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #332342 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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=332342\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A financial planner wants to invest $8000, some in stocks earning 15% annually and the rest in bonds earning 6% annually. How much should be invested at each rate to get a return of $930 annually from the two investments<BR>\n" );
document.write( "***<BR>\n" );
document.write( "let x= dollar amount invested in stocks<BR>\n" );
document.write( "8000-x=dollar amount invested in bonds<BR>\n" );
document.write( "..<BR>\n" );
document.write( "15% (x)+6% (8000-x)=930<BR>\n" );
document.write( ".15x+480-.06x=930<BR>\n" );
document.write( ".09x=930-480=450<BR>\n" );
document.write( "x=5000<BR>\n" );
document.write( "8000-x=3000<BR>\n" );
document.write( "Ans:<BR>\n" );
document.write( "Invest in stocks: $5000<BR>\n" );
document.write( "Invest in bonds: $3000 </SPAN>\n" );
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