document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=576375>Question 576375</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I tried this one for at least 45 minutes, and really need help, please.\r<BR>\n" );
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document.write( "Mr. Elliot is extremely careful with his money. He recently invested part of his $150,000 life savings in gold bullion and the rest in a nuclear blast-proof bank. Mr. Elliot earned a 5% profit on his gold bullion and a 3% profit on the money in the bank. If he made a total of $5,500 from both investments, how much did he invest in gold bullion?\r<BR>\n" );
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document.write( "I tried both \r<BR>\n" );
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document.write( ".03x + .05(5,500 - x) = 150,000\r<BR>\n" );
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document.write( "and\r<BR>\n" );
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document.write( ".03x + .05(150,000 - x) + 5,500\r<BR>\n" );
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document.write( "solving for both, but neither came out right.\r<BR>\n" );
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document.write( "Thanks in advance for your help! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #369828 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=369828\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Mr. Elliot is extremely careful with his money. He recently invested part of his $150,000 life savings in gold bullion and the rest in a nuclear blast-proof bank. Mr. Elliot earned a 5% profit on his gold bullion and a 3% profit on the money in the bank. If he made a total of $5,500 from both investments, how much did he invest in gold bullion? <BR>\n" );
document.write( "I tried both <BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "Interest + interest = interest<BR>\n" );
document.write( ".03x + .05(150,000 - x) = 5,500 <BR>\n" );
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document.write( "Multiply thru by 100 to get:<BR>\n" );
document.write( "3x + 5*150000 - 5x = 550000<BR>\n" );
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document.write( "-2x = 550000-750000<BR>\n" );
document.write( "-2x = -200000<BR>\n" );
document.write( "x = $100,000 (amt. invested at 3%<BR>\n" );
document.write( "150,000-x = $50,000 (amt. invested at 5%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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