document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=558217>Question 558217</A>: <I><SPAN STYLE=\"word-break: break-all;\">   Hello again:\r<BR>\n" );
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document.write( " I was very pleased with your previous answer to a word problem you sent to me. This one is a little different but would like to also have a format to work future problems of the same.<BR>\n" );
document.write( "this is the problem: Larry Mitchell invested part of his 40,000 advance at 4% annual simple interest and the rest 3% annual simple interest. If both account was 1,330 Find the amount invested at each rate </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #362958 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=362958\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let x = the amount invested at 4% then the rest (40,000-x) is the amount invested at 3%. The earnings on these two amounts is given as 1,330.<BR>\n" );
document.write( "This situation can be expressed by the following equation, after converting the percentages to their decimal equivalents:<BR>\n" );
document.write( "0.04x+0.03(40,000-x) = 1,330 Simplify.<BR>\n" );
document.write( "0.04x+1200-0.03x = 1,330<BR>\n" );
document.write( "0.01x+1200 = 1,330 Subtract 1200 from both sides.<BR>\n" );
document.write( "0.01x = 130 Divide both sides by 0.01<BR>\n" );
document.write( "x = 13000 and 40,000-x = 27,000<BR>\n" );
document.write( "Larry Mitchell invested 13,000 at 4% and 27,000 at 3%. </SPAN>\n" );
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