document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=692339>Question 692339</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me in this inequality problem. <BR>\n" );
document.write( "David has $15.000 to invest. He invests $10.000 in a mutual fund that pays 12% annual simple interest. If he wants to make at least $2200 in yearly interest , at what minimum rate does the remainder of the money need to be invested?  </SPAN>\n" );
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document.write( "Please help me in this inequality problem. <BR>\n" );
document.write( "David has $15.000 to invest. He invests $10.000 in a mutual fund that pays 12% annual simple interest. If he wants to make at least $2200 in yearly interest , at what minimum rate does the remainder of the money need to be invested? \r<BR>\n" );
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document.write( "Let rate that $5,000 ($15,000 – 10,000) need to be invested at, be r<BR>\n" );
document.write( "Then: .12(10,000) + r(5,000) &#8805; 2,200<BR>\n" );
document.write( "1,200 + 5,000r &#8805; 2,200<BR>\n" );
document.write( "5,000r &#8805; 2,200 – 1,200<BR>\n" );
document.write( "5,000r &#8805; 1,000\r<BR>\n" );
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document.write( "r, or rate to invest $5,000 &#8805; <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1000%2F5000 ALIGN=MIDDLE  ALT=\"1000%2F5000\"   DISABLED_style= \"max-width:90%; height:auto;\" >, or <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight_green%28r+%3E=+20%29 ALIGN=MIDDLE  ALT=\"highlight_green%28r+%3E=+20%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >% \r<BR>\n" );
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document.write( "OR\r<BR>\n" );
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document.write( "$5,000 need to be invested at a certain rate in order to make $1,000 ($2,200 - 1,200). This is then written as: r(5,000) &#8805; 1,000. Solve for r and the rate is found.\r<BR>\n" );
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document.write( "You can do the check!!\r<BR>\n" );
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